First Germany, Now Switzerland - Gold Repatriation

[cjjtulsa]

First Germany has requested some of their gold holdings be returned from the FED, now apparently Switzerland is wanting thiers back, too. Germany was told it would take seven years to get it back. Seven years? Seriously? I'm thinking the hustle is about to be exposed, with more and more nations demanding their gold be returned. This could get very interesting, very quickly.

http://www.zerohedge.com/news/switzerland-wants-its-gold-back-new-york-fed

https://wealthcycles.com/features/15-ton-gold-repatriation-hits-jp-morgan-london-vaults

Now I'm sure that 2nd article is a gold-sales push to some degree. And to me, this is not to say that you should go out and buy gold at all; what I would caution against is buying gold in 401ks and IRAs. If you're going to buy it, buy physical gold, not "paper" gold IOUs, with all of the value of one paper towel. Fun days ahead.

 

[Z71]

Everybody going to get peeved because we sent all their gold to China!!

 

[Spata]

How can it take seven years to put some gold on pallets and send It to germany?

 

[flybeech]

Why would countries want their gold returned, when private Federal Reserve Bank Chairman Ben Bernanke told Congressman Ron Paul that gold isn't money?

 

[Free Trapper]

As CJJ said, Always...Always...Always get the physical gold in a ftf transaction, coin shop,gun show,coin show etc.

Do your homework, know the latest spot prices.

And remember, precious metals will be only good for the opening phases of the SHTF scenario. My $0.02 worth.

 

[grizzly97]

It will take seven years because that's the amount of time they need to confiscate/steal gold to send them since Ft. Knox is empty...

 

[rlongnt]

I can't blame them. Would you trust your gold to the U.S. anymore?

 

[Stan Upchurch]

Didn't we (US) lend them all gold after WWII to start their economies with? Didn't we (US) help them rebuild their factotries, etc. and when they defaulted and couldn't re-pay, didn't we just let it go? Or am I thinking of other countries. We helped rebuild Europe and Japan. And now... where is the consideration?

 

[smax]

Didn't we (US) lend them all gold after WWII to start their economies with? Didn't we (US) help them rebuild their factotries, etc. and when they defaulted and couldn't re-pay, didn't we just let it go? Or am I thinking of other countries. We helped rebuild Europe and Japan. And now... where is the consideration?

We (US) currently have a leader who does not want this country (US) to succeed.

 

[Dale00]

Obama probably wants to tell them that they don't need their gold back.