For decades, almost half of Germany's gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock of the reserves. Some even say that the gold should be shipped home.
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#1
Well, yeah. Since half of it has been replaced with tungsten, they're wise to take delivery. The bankers will scream about the cost of transportation, but it's a small price to pay. As soon as a major customer finds their gold has been replaced with worthless tungsten, there will be a shitstorm as everyone goes to check at once.
Posted by: Bobby ||
10/31/2012 9:33 Comments ||
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#5
Boy howdy! Moving 700 tons of gold in one shipment is incredibly stupid, like the Russians did. That is about $28.6 billion. Worth a salvage trip at any depth.
Posted by: Alaska Paul ||
10/31/2012 12:51 Comments ||
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#6
We went over this yesterday. That was 800 tons of Gold Ore, not actual gold. Basically rock that contains small amount of gold in it. I think somebody came out with the total of like $625,000 for the gold smelted from it.
Yes, I killed the fun. I don't like joking about no gold. That brings up scary thoughts.
Posted by: Charles ||
10/31/2012 13:24 Comments ||
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#8
If you were to move the gold it might be best not to announce it. Perhaps arrange a trip for a super-carrier fleet to make port in Kiel and arrange for the gold and be ready to unload when it arrives.
#9
Perhaps the Germans don't trust the economy of the near future. Perhaps they want to buy some Greek islands. most likely they want to mint it into coins and charge people to roll around in it like Scrooge McDuck.
#1
The plane was manufactured in Russia; it underwent a major overhaul months before the crash, in Russia.
The crash site was located in Russia. President Kaczynski challenged Putin in Georgia in 2008.
Meanwhile President Obama has openly repudiated the US' foreign policy of the 80s. One of the major aims of that foreign policy was to weaken Soviet influence on Poland, if possible to free Poland and Eastern Europe.
Even if the crash really was an accident why shouldn't Putin just have his minions contaminate the debris with traces of explosives and dare the Poles to accuse Russia of foul play.
Would the Poles go public with these results? Could they take that risk?
"Poland has demanded that the Russian authorities launch a probe into the matter and punish those responsible for the leaked images, claiming that the photos could have been taken only by Russian security personnel who had access to the site shortly after the crash."
Are we witnessing a coordinated campaign to intimidate and humiliate Poland prior to the US election?
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
