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All Aboard The Gold Repatriation Train: First Germany, Next: The Netherlands?
While moustachioed managers, contrary to the far better insight of their superiors, and mainstream spivs are trying to talk down Germany's somewhat stunning shift in thinking - i.e. to repatriate its gold - as nothing but political pandering (or cost-saving); it seems, just as we predicted, the rest of the world are seeing this crack-in-the-confidence-armor the same way we have suggested. As we noted here, the first party to defect from the prisoner's dilemma of all the bulk of global gold being held by the Fed, defects best (then the second, or even the third perhaps) and sure enough, via RTL, we see the Dutch CDA party has requested that Holland's gold supply be repatriated. Who next?
The Dutch government says it has 612 tonnes of gold - with a value of around E24 billion - and is thereby in the top 10 of countries with gold reserves. The bulk of the Dutch gold reserves is in America and, to a lesser extent, in Canada and the United Kingdom. The rest, about 10 percent, is in Amsterdam.
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The US is going to invade itself and take all of its own gold. No one will expect it which is what makes it so brilliant.
And what happens when the Fed can't deliver? Big oops!
Game over USD (this post being the short version of my comments on this article - http://www.zerohedge.com/news/2013-01-16/it-will-take-fed-seven-years-de... ).
so german gold is a security deposit agains them going all world domination again, UK , France , USA, i hear the ruskies spent the gold tjhey got as deposit a long time ago
it will take the Dutch 10 years to repatriate part of their gold from the FED and the next country probably 15 years and so on. in the mean time the US or UK may decide to invade some other gold producing country due to Al Qaida insurgents...
Time to round up all of the world's official gold in one place under mangement, with a 24 hour TV channel showing any physical movements as well as computer updates showing sales and movement of gold between owners as well as buyers.
For anyone not possessing the physical gold which they own, it becomes most significant to understand that there is no universal metric determining the value of the US Dollar. . . . other than 'faith'.
And, to think, how many truly believe in the almighty.