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Is Germany's Gold missing from the Federal Reserve Bank?

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Daistallia 2104
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Is Germany's Gold missing from the Federal Reserve Bank?

Postby Daistallia 2104 » Sun Nov 04, 2012 7:41 am

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. (continues)


See also:
http://www.mining.com/germans-begin-to- ... ign=digest

tl;dr: The Federal Reserve Bank of New York holds 7000 tons of gold bullion, mostly on deposit from central banks of other nations, including 1,500+ from Germany. They haven't let German central bankers inspect it. Some people are suspicious. Some claim that it's all gone missing. And some say that Germany should bring it all back home.

I'm not sure what to make of this. It sounds rather conspiacy theoryish, but Der Spiegel's a pretty respected source. Is there anything to this?
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Paixao
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Postby Paixao » Sun Nov 04, 2012 7:48 am

http://www.mining.com/german-gold-hoard ... urk-27422/

Another article saying something similar, but this one blames the Germans.

Its quite possible, and would be HUGELY controversial :/
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Alice Parker
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Postby Alice Parker » Sun Nov 04, 2012 7:48 am

I was bored, so I stole it. :lol:

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Paixao
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Postby Paixao » Sun Nov 04, 2012 7:50 am

Alice Parker wrote:I was bored, so I stole it. :lol:


Fair enough... should add some spice back into Euro/American politics XD
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Ostroeuropa
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Postby Ostroeuropa » Sun Nov 04, 2012 7:51 am

It's a completely arbitrary system anyway.
Just have bits of paper saying
"woops lost ur gold, this is worth 1 bullion" and it'd work just as well.
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There is an out of control trolley speeding towards Jeremy Bentham, who is tied to the track. You can pull the lever to cause the trolley to switch tracks, but on the other track is Immanuel Kant. Bentham is clutching the only copy in the universe of The Critique of Pure Reason. Kant is clutching the only copy in the universe of The Principles of Moral Legislation. Both men are shouting at you that they have recently started to reconsider their ethical stances.

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Paixao
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Postby Paixao » Sun Nov 04, 2012 7:56 am

True, all our wealth these day is no more than bits of software and pieces of paper with promises on them. That said, it'd be a pretty big deal as far as the politicians are concerned if the US had lost Germany's gold.
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Ostroeuropa
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Postby Ostroeuropa » Sun Nov 04, 2012 7:58 am

Paixao wrote:True, all our wealth these day is no more than bits of software and pieces of paper with promises on them. That said, it'd be a pretty big deal as far as the politicians are concerned if the US had lost Germany's gold.


It could feasibly be an international incident...
A lot of countries may flip out and demand their gold back, causing the US federal reserve to have a slight problem.

Or worse...if the US is STUPID enough to REFUSE to give back the gold. that'd be terrible...
Last edited by Ostroeuropa on Sun Nov 04, 2012 7:58 am, edited 1 time in total.
Ostro.MOV

There is an out of control trolley speeding towards Jeremy Bentham, who is tied to the track. You can pull the lever to cause the trolley to switch tracks, but on the other track is Immanuel Kant. Bentham is clutching the only copy in the universe of The Critique of Pure Reason. Kant is clutching the only copy in the universe of The Principles of Moral Legislation. Both men are shouting at you that they have recently started to reconsider their ethical stances.

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Esternial
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Postby Esternial » Sun Nov 04, 2012 8:04 am

Well, I guess the economic shitstorm is putting everyone on edge.

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Alice Parker
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Postby Alice Parker » Sun Nov 04, 2012 8:05 am

William Jennings Bryan said in 1896...

You shall not press down on the brow of labor this crown of thorns, you shall not crucify mankind on a cross of gold.


and here we are, 100 years later.

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Esternial
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Postby Esternial » Sun Nov 04, 2012 8:06 am

Alice Parker wrote:William Jennings Bryan said in 1896...

You shall not press down on the brow of labor this crown of thorns, you shall not crucify mankind on a cross of gold.


and here we are, 100 years later.

So.

Gold crosses are the new gold bars?

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Alice Parker
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Postby Alice Parker » Sun Nov 04, 2012 8:09 am

I prefer Diamonds :rofl:

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Paixao
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Postby Paixao » Sun Nov 04, 2012 8:19 am

well you know the saying... Diamonds are forever.
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Ifreann
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Postby Ifreann » Sun Nov 04, 2012 8:21 am

I seem to recall a German fellow trying to steal gold from the Federal Reserve through some needlessly complex plot...
He/Him

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Ostroeuropa
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Postby Ostroeuropa » Sun Nov 04, 2012 8:22 am

Ifreann wrote:I seem to recall a German fellow trying to steal gold from the Federal Reserve through some needlessly complex plot...


Perhaps it NEEDED to be that complex :p
Ostro.MOV

There is an out of control trolley speeding towards Jeremy Bentham, who is tied to the track. You can pull the lever to cause the trolley to switch tracks, but on the other track is Immanuel Kant. Bentham is clutching the only copy in the universe of The Critique of Pure Reason. Kant is clutching the only copy in the universe of The Principles of Moral Legislation. Both men are shouting at you that they have recently started to reconsider their ethical stances.

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Paixao
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Postby Paixao » Sun Nov 04, 2012 8:22 am

Ifreann wrote:I seem to recall a German fellow trying to steal gold from the Federal Reserve through some needlessly complex plot...


:rofl: Lets hope a certain police man is here to save the day
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Ostroeuropa
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Postby Ostroeuropa » Sun Nov 04, 2012 8:23 am

Die Hard - totally a documentary.
Ostro.MOV

There is an out of control trolley speeding towards Jeremy Bentham, who is tied to the track. You can pull the lever to cause the trolley to switch tracks, but on the other track is Immanuel Kant. Bentham is clutching the only copy in the universe of The Critique of Pure Reason. Kant is clutching the only copy in the universe of The Principles of Moral Legislation. Both men are shouting at you that they have recently started to reconsider their ethical stances.

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Nationalist State of Knox
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Postby Nationalist State of Knox » Sun Nov 04, 2012 8:24 am

Paixao wrote:
Ifreann wrote:I seem to recall a German fellow trying to steal gold from the Federal Reserve through some needlessly complex plot...


:rofl: Lets hope a certain police man is here to save the day

Batman.
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The Vermin Confederation of Mossflower
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Postby The Vermin Confederation of Mossflower » Sun Nov 04, 2012 8:26 am

Ifreann wrote:I seem to recall a German fellow trying to steal gold from the Federal Reserve through some needlessly complex plot...


Then he got stopped by Bruce Willis.
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Ifreann
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Postby Ifreann » Sun Nov 04, 2012 8:27 am

Ostroeuropa wrote:
Ifreann wrote:I seem to recall a German fellow trying to steal gold from the Federal Reserve through some needlessly complex plot...


Perhaps it NEEDED to be that complex :p

Perhaps.
He/Him

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Daistallia 2104
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Postby Daistallia 2104 » Sun Nov 04, 2012 8:46 am

Ifreann wrote:I seem to recall a German fellow trying to steal gold from the Federal Reserve through some needlessly complex plot...


Surprised it took that many posts....
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Stupidity is like nuclear power; it can be used for good or evil, and you don't want to get any on you. - Scott Adams
Sometimes it's better to light a flamethrower than curse the darkness. - Terry Pratchett
Sometimes the smallest softest voice carries the grand biggest solutions
How our economy really works.
Obama is a conservative, not a liberal, and certainly not a socialist.

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Scandza
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Postby Scandza » Sun Nov 04, 2012 8:50 am

Who knows, and who cares? If need be I'm pretty sure the US could just make new gold bars that represented the old. Though it'd be stupid too.

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Esternial
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Postby Esternial » Sun Nov 04, 2012 9:08 am

Scandza wrote:Who knows, and who cares? If need be I'm pretty sure the US could just make new gold bars that represented the old. Though it'd be stupid too.

Just like printing money, amirite?

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Ovisterra
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Postby Ovisterra » Sun Nov 04, 2012 9:12 am

It's a little silly alright. "Yeah sure, the gold belongs to you. We'll just keep it for you and never let you see it, let alone have it back".

Also, 1536 Metric Tons of gold? What? Why would they need that?
Removing the text from people's sigs doesn't make it any less true. I stand with Yalta.

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Ostroeuropa
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Postby Ostroeuropa » Sun Nov 04, 2012 9:12 am

Ovisterra wrote:It's a little silly alright. "Yeah sure, the gold belongs to you. We'll just keep it for you and never let you see it, let alone have it back".

Also, 1536 Metric Tons of gold? What? Why would they need that?


Editorial reasons.
:p I'm using that as my catch-all dismissal of questions now :p
Ostro.MOV

There is an out of control trolley speeding towards Jeremy Bentham, who is tied to the track. You can pull the lever to cause the trolley to switch tracks, but on the other track is Immanuel Kant. Bentham is clutching the only copy in the universe of The Critique of Pure Reason. Kant is clutching the only copy in the universe of The Principles of Moral Legislation. Both men are shouting at you that they have recently started to reconsider their ethical stances.

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Nazis in Space
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Postby Nazis in Space » Sun Nov 04, 2012 9:13 am

Please let it be true.

It'd be fucking hilarious to watch.

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