Germany repatriates $28bn in gold

[deran]

some links to source out

https://financearmageddon.blogspot.de/2 ... tefan.html" onclick="window.open(this.href);return false;

https://www.thenewamerican.com/economy/ ... -fort-knox" onclick="window.open(this.href);return false;

https://moneymorning.com/2015/05/12/is- ... fort-knox/" onclick="window.open(this.href);return false;

and how it all started "the german" way

http://www.spiegel.de/international/ger ... 64068.html" onclick="window.open(this.href);return false;


enjoy !

[bentech]

Many conspiracy theorists have suspected for decades that the German gold has long since disappeared. Others believe that it has been lent out. They contend that there are only promissory notes of little worth stored in the bank's vaults.

Another myth that has been making the rounds in nationalist-oriented German circles is that the US refused to hand over the treasure and threatened during the Cold War to withdraw its troops from Germany if the Germans demanded their gold back. Former Bundesbank head Karl Blessing, according to the theory, had to provide the US written confirmation that he would never do such a thing.

This letter, as it happens, actually exists, as Blessing confirmed in his last interview with SPIEGEL in 1971 -- except it doesn't concern the German gold, but rather US gold reserves. Until 1971, every dollar could be exchanged for the precious metal. Blessing thus promised the US Federal Reserve that he would no longer convert the colossal German dollar reserves to gold because this would have caused the currency's value to plummet.


reviewing the nixon shock...

https://en.wikipedia.org/wiki/Nixon_sho ... ifications" onclick="window.open(this.href);return false;

[bentech]

The Nixon Shock has been widely considered to be a political success,[citation needed] but an economic mixed bag in bringing on the stagflation of the 1970s and leading to the instability of floating currencies. The dollar plunged by a third during the '70s. According to the World Trade Review's report "The Nixon Shock After Forty Years: The Import Surcharge Revisited", Douglas Irwin reports that for several months, U.S officials could not get other countries to agree to a formal revaluation of their currencies. The German mark appreciated significantly after it was allowed to float in May 1971. Further, the Nixon Shock unleashed enormous speculation against the dollar. It forced Japan’s central bank to intervene significantly in the foreign exchange market to prevent the yen from increasing in value. Within two days August 16–17, 1971, Japan’s central bank had to buy $1.3 billion to support the dollar and keep the yen at the old rate of 360 Yen to the dollar. Japan’s foreign exchange reserves rapidly increased: $2.7 billion (30%) a week later and $4 billion the following week. Still, this large-scale intervention by Japan’s central bank could not prevent the depreciation of US dollar against the yen. France also was willing to allow the dollar to depreciate against the franc, but not allow the franc to appreciate against gold (Page 14 Douglas). Even much later, in 2011, Paul Volcker expressed regret over the abandonment of Bretton Woods: "Nobody's in charge," Volcker said. "The Europeans couldn't live with the uncertainty and made their own currency and now that's in trouble."[3]

[Butcher Bob]

Yeah I'm not seeing anything wrong with Germany wanting physical possession of what's theirs.
But I'm also seeing that doing so could open up a can or two of worms.