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overtheedge
Member since May 2012
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Most Netherlands gold vaulted abroad 'because trading is easier' - Chris Powell - Gata

"DNB does not wish to say exactly how much gold is at each location, but it is willing to say why it is there. "We pursue a location policy. The gold is spread out because trading is easier in this way. London, for example, is a big gold market," Vellenga said."

So Netherlands is trading 550 tons of their gold.

Or ... perhaps it was already traded away and perhaps like Bundesbank, you can't repatriate what possibly doesn't physically exist. But if you extend (overseas storage time) and pretend (it physically exists), maybe you can buy some back before the minions find out. Say 4 tons per year?

How do you spell counter-party risk? Let's hope the ignorant masses don't find out.

Commented 4331 days ago

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