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(Economist)   Bundesbank withdraws 674 tons of gold from US and French vaults at the same time HBO2 airs 'Die Hard with a Vengeance', which means that Jeremy Irons and Alan Rickman will jointly control the Federal Reserve   (economist.com) divider line 20
    More: Strange, Jeremy Irons, Alan Rickman, Bundesbank, Die Hard 3, Federal Reserve, first world countries, New York Fed, vengeance  
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5808 clicks; posted to Main » on 21 Jan 2013 at 9:52 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-21 10:05:54 AM  
3 votes:
Germany is familiar with the history of bankrupt governments and the ensuing rise of fascist dictators, they're just being cautious.
2013-01-21 12:38:46 PM  
2 votes:

brantgoose: Then again, maybe this is part of their plan to save the Euro or possibly replace it with the Gold Frank.


Bringing the gold back from America makes sense, in that is is way the fark across the world and they're paying to store it over here. As for France, their banking system has been having problems, so a pull out doesn't seem too questionable.

Regarding leaving it in London, I have to wonder if the Germans are talking to the Brits about future banking cooperation, in that the Brits have stayed on the pound and avoided all the Euro issues. So leaving it there is a political move.
2013-01-21 11:20:48 AM  
2 votes:
Letter from the Bank of Canada

We have recently audited our gold bullion stores and find that we have seriously undercounted our gold stocks by several hundreds of billions of dollars. In order to keep this gold out of the hands of socialists, we are shipping it to the Chase Manhatten bank in New York for storage.

The gold will be used to pay off our national debt, give massive subsidies to grain farmers and oil exploration companies, and to buy elections for generations to come. None of the money will be used to hire or pay government bureaucrats. However, we will need to create a lot of jobs to cover the management of these newly found funds, so we will give a few billion here or there to temporary help firms and private public partnerships.

This has absolutely nothing to do with the theft of hundreds of billions of dollars worth of gold from the Chase Manhatten Bank. As everybody knows, that gold is safe on the bottom of the Hudson River. It is merely fortuitous that the Chase Manhatten Bank has exactly enough room to store our new bullion

And it is pure coincidence that Prime Minister Harper is now wearing a gold crown and cloth of gold sweater with matching gold stockings. Only that pack of lying socialists in the Opposition would say such a thing. Honi soit qui mal y pense as President Harper always says. King Harper poo-poos the ludicrous claims of the former Opposition with a waive of his heavily bling-bling bedecked Royal Hand.
2013-01-21 10:11:04 AM  
2 votes:
"The Bundesbank's decision suggests that some in Germany are worried about the public's continued trust in the euro"

Dumbsass article writer.

No a recent audit raised the concern that no one had actually ever seen the gold, thus it could in theory not exist. It has absolutely nothing to do with the Euro.
2013-01-21 10:08:45 AM  
2 votes:

Jeremy Irons and Alan Rickman will jointly control the Federal Reserve


Now that Dirty Jobs has been canceled, maybe Mike Rowe can be the likable, baritone-voiced villain in the next Die Hard movie.
2013-01-21 10:07:19 AM  
2 votes:
674 tons of gold?

t2.gstatic.com

Listen, I've got to clean it and it'll probably just take up space on my shelves for months... I'll give you 50-bucks.
2013-01-21 10:04:28 AM  
2 votes:
someone else who is interested:

4.bp.blogspot.com
2013-01-21 10:03:39 AM  
2 votes:
The socialist utopia EU had all buy failed. Who would guess countries filled with lazy tax cheats demanding excessive entitlements would fail?
2013-01-21 10:01:56 AM  
2 votes:

b2theory: This actually makes sense and they're one of the few countries that can afford to do this. This isn't a sign of anything going on in the US. However, if they were going to drop the Euro......


The decision could also be motivated by a reduced confidence in the U.S. financial system prompted by violent opposition of the Democratic Party to cutting spending domestically, resulting in massive unsustainable increases in public debt.

Without spending cuts, there is danger of political instability in the U.S. in the next 10 years as our fiat currency loses its value.

/real possibility now with Democrats controlling so much of the government.
2013-01-21 05:31:20 PM  
1 votes:

Animatronik: Here's a question for farkers: is it possible to make an object that is gold plated such all noninvasive tests (no drilling, melting, cutting) will fail to detect that it isn't solid gold, and if its impossible, what's the 'best you can do"?


Very possible - and has been done using tungsten.

3.bp.blogspot.com

Link

Unless you're buying gold with artistic value, you probably should tear them open. It's not like you're going to ruin the value of a gold bar if you cut it in half.

I wonder how they know that huge gold nugget that just got found is solid gold.
2013-01-21 04:05:58 PM  
1 votes:

Animatronik:

Here's a question for farkers: is it possible to make an object that is gold plated such all noninvasive tests (no drilling, melting, cutting) will fail to detect that it isn't solid gold, and if its impossible, what's the 'best you can do"?


Tungsten cores with thick enough gold plating that slate tests are fooled. You could not get the density perfect but if you got the weight right even x-rays can't tell the difference.
2013-01-21 03:46:40 PM  
1 votes:
Another article says they're only taking 300 out of the 1500 tonnes stored at the Fed Reserve.

One thing I am wondering is how/when/why all that was stored there in the first place?

I doubt they were storing that gold there during WWii. Was Germany's banking system too insecure after the war?
2013-01-21 11:52:14 AM  
1 votes:
The Golden Rule is never let a nation controlled by a Democrat Criminal Syndicate hold your gold for you.

"Nice gold you got there. Shame if anything happened to it."
2013-01-21 11:38:39 AM  
1 votes:
But seriously, I am trying to understand why the Bundesbank would repatriate so much gold. According to the Beeb, they moved it to New York for fear of a Soviet Invasion. Apparently they no longer fear Russia marching through Poland. They have left their gold in London also. But they have pulled gold from France and the US.

Possibly they fear that the French socialists will surrender to temptation. Or maybe they are worried that Glenn Beck will be the next President of the USA and steal all the gold in the world. Maybe they just feel warmer and safer with their gold at home where people can't give it to the Greeks.

Then again, maybe this is part of their plan to save the Euro or possibly replace it with the Gold Frank.

God only knows. The only thing that is certain is death, taxes, and that anybody who says anything about gold or fiat currency will be wrong, very, very wrong.
2013-01-21 11:11:54 AM  
1 votes:
Letter from the Chase Manhatten Bank
To its gold bullion customers

Welcome to the new world of gold storage. No longer will your gold uselessly sit in bank vaults buried under our Manhatten branch. Instead, they will now reside in safety on the bottom of the Hudson River, where nobody will dare to go on account of the pollution.

Be assured that your gold is as safe as banks, protected by the toxic, sludgy waters of Old Man Hudson.

We have reviewed our costs and find that storing the world's gold on the river bottom is just as safe and as expensive as storing it in vaults. There will therefore be no additional cost to you, the gold owner!

In fact, river bottom storage marks a return to old time gold storage practice. Our ancestors would throw their treasure, magical swords and other durable items into lakes and magical wells for safe-keeping. With this return to solid, trustworthy and traditional methods, you can be assured that the God of the River Hudson is watching over your gold as vigilently as our skilled technicians and watchful guards.

We look forward to provided you with this new, enhanced gold storage option, but if you have new gold to store, our vaults have never been roomier!

Sincerely yours,

Chase Manhatten Bank Bullion Services. Now merged with the River Hudson.
2013-01-21 11:10:50 AM  
1 votes:
Wouldn't this coupled with some sort of well timed EMP that wrecks bank system records while Goldeneye is playing be more "ironical" or whatever?
2013-01-21 11:06:12 AM  
1 votes:
I don't see the big deal. Every few months i withdraw all of my money out of the bank and roll around in it as well. You gotta be really careful abou tthose dime rolls.
2013-01-21 10:10:26 AM  
1 votes:
I've put all my money in gold. You libs will be sorry when you're eating dirt and I'm strutting around in gold pants.
2013-01-21 09:55:03 AM  
1 votes:
This actually makes sense and they're one of the few countries that can afford to do this. This isn't a sign of anything going on in the US. However, if they were going to drop the Euro......
2013-01-21 09:33:05 AM  
1 votes:
i49.tinypic.com

"Hook, line... and sinker"
 
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