Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent

Bundesbank still fending off suspicions about gold vaulted in U.S.

IMG Auteur
Publié le 07 février 2014
697 mots - Temps de lecture : 1 - 2 minutes
( 1 vote, 1/5 ) , 1 commentaire
Imprimer l'article
  Article Commentaires Commenter Notation Tous les Articles  
0
envoyer
1
commenter
Notre Newsletter...
Rubrique : Or fractionnaire

From Deutsche Presse-Agentur
via Europe Online Magazine
Weiden, Germany
Thursday, February 6, 2014

http://en.europeonline-magazine.eu/germany-re...us-gold-rese...

FRANKFURT, Germany -- The 300 tons of gold that Germany is bringing home from a New York strongroom is being transported little by little and will take until 2020 to complete, the German central bank said Thursday.

Emotions have regularly flared in Germany about why 45 per cent of the country's 3,391 tons of gold bars is stashed deep beneath the Federal Reserve Bank of New York in Manhattan.

The original reason was that West Germany earned it through trade surpluses in the 1950s and 1960s and never moved it out of the United States to ensure that it did not lose the lot in the event Germany was invaded by the Soviet Union.

... Dispatch continues below ...



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata



The German central bank, or Bundesbank, was responding Thursday to a report in the Handelsblatt newspaper claiming there were mysterious delays in the repatriation programme.

The newspaper quoted a conservative politician, Peter Gauweiler, who has repeatedly raised the issue, as doubting the gold was as instantly available in New York as claimed.

A spokeswoman for the central bank in Frankfurt said this was not true and that small shipments back to Germany were preferred for security reasons.

The spokeswoman also rejected charges that Germany was not watching the gold in New York closely enough.

"We have no doubts about the reliability of our partners," she said.

The bank said 5 tons were repatriated from New York last year, along with 32 tons brought home from Paris, and the project was proceeding apace.

Handelsblatt noted that insurers will cover gold shipments only by air, not by ship, and will not insure shipments of more than 1 ton at a time.

Germany aims to ultimately keep only 37 per cent of its gold at the Federal Reserve in New York, where most of the world stores gold. Multi-billion-dollar transfers are easily done by simply carting the gold from one country‘s cubicle to another inside the vault.

Falls in the price of gold reduced the value of the total Bundesbank gold reserves last year by 31 per cent to 94.9 billion euros as of December.

* * *

Join GATA here:

Mines and Money Hong Kong
Hong Kong Convention and Exhibition Centre
Monday-Friday, March 24-28, 2014
Hong Kong Special Administrative Region, China

http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16



ADVERTISEMENT

How to profit with silver --
and which stocks to buy now

Future Money Trends is offering a special 16-page silver report with profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million.

Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets.

To learn about this report, please visit:

http://www.futuremoneytrends.com/index.php...=376&tmp...


Données et statistiques pour les pays mentionnés : Canada | Hong Kong | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Hong Kong | Tous
<< Article précedent
Evaluer : Note moyenne :1 (1 vote)
>> Article suivant
Publication de commentaires terminée
  Tous Favoris Mieux Notés  
Seems as if the germans are happy to leave their gold were it is in New York. They had not planned on repatriating it all anyway. The speed of repatriation is a political problem, not a physical one methinks.

None of the gatagoons seem to have figured out that the costs involved "by simply carting the gold from one country‘s cubicle to another inside the vault" when doing the forex shuffle, are a lot cheaper if the gold is in the home of the worlds main reserve currency.
..._
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
Top articles
Flux d'Actualités
TOUS
OR
ARGENT
PGM & DIAMANTS
PÉTROLE & GAZ
AUTRES MÉTAUX
Profitez de la hausse des actions aurifères
  • Inscrivez-vous à notre market briefing minier
    hebdomadaire
  • Recevez nos rapports sur les sociétés qui nous semblent
    présenter les meilleurs potentiels
  • Abonnement GRATUIT, aucune sollicitation
  • Offre limitée, inscrivez-vous maintenant !
Accédez directement au site.