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View Full Version : Where is how much German gold?


Skybird
05-15-12, 09:17 AM
I swallowed twice when reading this. How does this make sense : having a national gold treasure of one'S own national bank - and then storing it not in one's own country with one'S own national bank, but in three other other, foreign ones...?

http://www.spiegel.de/international/germany/debate-breaks-out-in-germany-over-foreign-gold-reserves-a-833289.html

And not inspecting this because the trips of the inspectors would cost flight tickets?

I also did not know that it is so terribly few gold. I thought a bigger share of the German currency - at least before the Euro came - was covered in gold assets.

joegrundman
05-15-12, 09:35 AM
The initiative alleges that there is an "acute" danger that the German gold could be expropriated as a result of the financial and debt crisis. They argue that the German government could soon be forced to sell gold to cover the costs of the crisis.

and

Philipp Missfelder, a member of the conservative Christian Democratic Union (CDU), wanted to see the gold for himself and traveled to New York in person to inspect the holdings, according to the newspaper Frankfurter Rundschau. His trip was apparently unsuccessful, though. When he visited the Fed's safes in New York, staff were either unable or unwilling to show him exactly which bars belonged to Germany

Love it:DL

Could be expropriated or could have been expropriated?

Either way, I'd say that 'amalgamated' would be a better word than 'expropriated'. Expropriation would be theft and there's no way the US would just steal it, but "using it" to back up various financial activities, since it's there so to speak....

Good luck repatriating it:arrgh!:

maybe you could get a signed IOU instead?

TLAM Strike
05-15-12, 09:39 AM
Where is Germany's gold?

Ask these guys:
http://img819.imageshack.us/img819/480/2740599238.jpg

Herr-Berbunch
05-15-12, 09:39 AM
I thought the German Finance Minister swapped it for WOW gold. :hmmm:

August
05-15-12, 11:23 AM
I suppose the Germans could bring all their gold back home but then every time they conduct a financial transaction with another nation they'll have to risk shipping it and the ocean is littered with wrecks containing similar precious cargoes.

They found one just off our coast recently with upwards of 3 billion in Platinum which coincidentally was put there by Germans.

STEED
05-15-12, 12:14 PM
Dear Uncle Sam can you please send me some gold bars you have laying around doing nothing for Germany as clearly they are not that bothered who uses their gold. :DL

the_tyrant
05-15-12, 02:40 PM
You see, I only trust converting my money to chocolate, than eating the chocolate

the problem is how to convert it back into money

August
05-15-12, 04:59 PM
Dear Uncle Sam can you please send me some gold bars you have laying around doing nothing for Germany as clearly they are not that bothered who uses their gold. :DL

I know you're joking Steed but I have to wonder how you get the idea that foreign gold reserves in my country are used by us for anything.

I mean it's not like the gold is in a bank being lent or drawing interest or anything like that.

We have gold reserves in Germany and I imagine England. Has HMG been using our reserves to pay it's bills?

Oberon
05-15-12, 06:04 PM
I know you're joking Steed but I have to wonder how you get the idea that foreign gold reserves in my country are used by us for anything.

I mean it's not like the gold is in a bank being lent or drawing interest or anything like that.

We have gold reserves in Germany and I imagine England. Has HMG been using our reserves to pay it's bills?

That would not surprise me, we sold it when it was at the bottom of the market after all... :damn:

Reece
05-15-12, 06:07 PM
Where is Germany's gold?

Ask these guys:
http://img819.imageshack.us/img819/480/2740599238.jpg
or this guy:
http://www.wearysloth.com/Gallery/ActorsA/30832-10189.gif

Platapus
05-15-12, 06:39 PM
How exactly would one inspect 3,400 tons of gold?

Gold bars that are kept in central banks usually weigh 12.5 kilograms or 27.5 pounds... 400 troy ounces to be precise.

3,400 tons, assuming short tons, of gold is 6,800,000 pounds or about 247,273 bars of gold. How long would it take to count that many bars?

Assuming that one could move, count, and restack 100 bars per hour, the counting would take 2,472 hours or 103 days..... working 24 hours per day. That's three months of nothing but 24/7 counting. Working just 8 hour days, it would take almost a year to count.

Since the bars would be stacked, one would would have to disassemble the piles to count the inner bars. If one is so distrustful as to not trust the central bank from stealing the gold, one would not assume that the inner bars are also gold and not simply painted lead.

That's a lot of moving of almost 7,000,000 pounds of stuff and then move it back when you are done counting.

I think it would be more efficient to just store the gold bars inside a vault that is sealed. As long as the seals are secure, so is your gold. I would also imagine the central reserve banks have insurance or some other type of security agreement.

August
05-15-12, 08:07 PM
Where is Germany's gold?

Ask these guys:
http://img819.imageshack.us/img819/480/2740599238.jpg

or this guy:
http://www.wearysloth.com/Gallery/ActorsA/30832-10189.gif

It never would have succeeded without this guy though:
http://www.supanet.com/entertainment/dvds-in-review/kellys-heroes-kellys--telly-savalas-13365365.jpg

Rockstar
05-15-12, 08:40 PM
It never would have succeeded without this guy though:
http://www.supanet.com/entertainment/dvds-in-review/kellys-heroes-kellys--telly-savalas-13365365.jpg


I beg to differ, I think Crap Games idea broke the stalemate and won the gold.

http://4.bp.blogspot.com/_jbuYCFeKHIY/Ssza7ut7hTI/AAAAAAAAAwk/tK3TKe93Qo4/s400/14651-10189.gif

Crapgame: Hows things going with the bank?
Big Joe: Nothing, the sherman is broken down and nobody can move that Tiger out of the square.
Crapgame: Then make a DEAL!
Big Joe: What kind of deal?
Crapgame: A DEAL, deal! Maybe the guy's a Republican. "Business is business," right?




.

August
05-15-12, 09:30 PM
Where is Germany's gold?

Ask these guys:
http://img819.imageshack.us/img819/480/2740599238.jpg

or this guy:
http://www.wearysloth.com/Gallery/ActorsA/30832-10189.gif

It never would have succeeded without this guy though:
http://www.supanet.com/entertainment/dvds-in-review/kellys-heroes-kellys--telly-savalas-13365365.jpg

I beg to differ, I think Crap Games idea broke the stalemate and won the gold.

http://4.bp.blogspot.com/_jbuYCFeKHIY/Ssza7ut7hTI/AAAAAAAAAwk/tK3TKe93Qo4/s400/14651-10189.gif


Well that's true but let's not forget the high price that was paid to get them to that point:
http://www.wearysloth.com/Gallery/ActorsT/26594-10189.gif

mapuc
05-16-12, 07:10 AM
I think this guy got them by mistake
http://i1235.photobucket.com/albums/ff440/mapuc/ebe0e1f8.jpg

nikimcbee
05-16-12, 09:04 AM
http://blnbrd.files.wordpress.com/2011/01/tuco.jpg

Now tell me where the gold is Blondie.

August
05-16-12, 09:04 AM
That's ok this guy has a medal in the jeep for everyone.
http://www.wearysloth.com/Gallery/ActorsO/13012-10189.gif

:DL

nikimcbee
05-16-12, 09:06 AM
http://4.bp.blogspot.com/-1imYUsxNJmQ/TbBEJy9qsBI/AAAAAAAAAT4/PJe-HKt7oCA/s1600/Blondie-Personal-Collecti-367018.jpg

You called?


http://4.bp.blogspot.com/-SbeH8ggzscs/TV8MxiiBF2I/AAAAAAAAFBw/ddkQNiwl1EQ/s1600/11Blondie.gif

Yes.
What do you want?

nikimcbee
05-16-12, 09:06 AM
That's ok this guy has a medal in the jeep for everyone.
http://www.wearysloth.com/Gallery/ActorsO/13012-10189.gif

:DL

Will I earn a ribbon for that?:hmmm:

Platapus
05-16-12, 07:43 PM
http://www.wearysloth.com/Gallery/ActorsO/13012-10189.gif

"Hey, did you lose my aerial photo-graphs?

August
05-16-12, 08:51 PM
http://reggiestake.files.wordpress.com/2012/04/kellys-heroes-8.jpg
"Get the hell out of here! We got the game on!"

USS Drum
05-16-12, 09:43 PM
http://t2.gstatic.com/images?q=tbn:ANd9GcRdL9zDGTLx-PtI5O7viPfOWUGsDrCXyu_dawTyPjTAvbaH03WCJA
"Germany's gold, where coming for you."

Reece
05-17-12, 08:25 AM
Must set the mood right::yep:
http://www.youtube.com/watch?v=WBr2Xh599ZI

Skybird
05-17-12, 09:07 AM
:o

What have you guys done to my beautiful thread? I HATE you all!

:cry:

Oberon
05-17-12, 09:18 AM
Must set the mood right::yep:
http://www.youtube.com/watch?v=WBr2Xh599ZI

Nonsense...

http://factoidz.com/images/user/1203408494332_lee_van_cleef_01.jpg

THIS is setting the mood right -

http://www.youtube.com/watch?v=ZNGe7iK1O-4 :yep:

USS Drum
05-17-12, 09:37 AM
What about the dog impression?
http://t2.gstatic.com/images?q=tbn:ANd9GcRoizaFApxMo1QINa42SEHNWTE199TmJ IXKVVEJXUzq3zukMo0h-Q

August
05-17-12, 11:24 AM
:o

What have you guys done to my beautiful thread? I HATE you all!

:cry:

http://william-flew.co.nz/negative%20waves%20kellys%20heroes.jpg

Kaye T. Bai
05-17-12, 01:25 PM
"Germany's gold, where coming for you."

"...You will explode in a few minutes." :ping:

Platapus
05-17-12, 04:00 PM
http://t2.gstatic.com/images?q=tbn:ANd9GcRdL9zDGTLx-PtI5O7viPfOWUGsDrCXyu_dawTyPjTAvbaH03WCJA
"Germany's gold, where coming for you."

Where? I don't think that word means what you think it means. :D

"We're" perhaps?

Dan D
05-17-12, 04:20 PM
Fort Knox or bust (http://www.youtube.com/watch?v=U1TmeBd9338)
DO YOU EXPECT ME TO TALK?
That is where our gold is, right?
Knock, knock.

Reece
05-17-12, 06:48 PM
:o

What have you guys done to my beautiful thread? I HATE you all!

:cry:
Beautiful thread!!:har: I love it!!:up:

Rockstar
05-17-12, 07:09 PM
German gold is here

http://csimg.shopwahl.de/srv/DE/29013879gw721gold/T/340x340/C/FFFFFF/url/german-wear-kurze-trachten.jpg

Oberon
05-17-12, 08:42 PM
http://tropicalfishandaquariums.com/DwarfCichlids/RamGold.jpg

German Gold Ram!! :rock::rock::rock:

Rockstar
05-17-12, 08:56 PM
German Gold
top wire bitch and
Winner 1989 Finnish championship

http://www.starringterriers.com/images/fox_kuvat/german_gold_sivu.jpg

Reece
05-17-12, 09:29 PM
More German Gold :yep: (http://www.everythingcollectible.com/item-11054-KRAFTWERKLIMITEDEDITIONCDGOLDDISCALBUMAUTOBAHN.php )

MH
05-18-12, 02:34 AM
http://www.luxurylaunches.com/entry_images/1207/10/Volkswagen_Beetle.jpg (http://www.luxurylaunches.com/entry_images/1207/10/Volkswagen_Beetle.jpg)

Oberon
05-18-12, 05:46 AM
http://blog.mysanantonio.com/clockingin/files/2012/01/19171706-GERMANY-CARNIVAL-MERKEL-01_24_2012.jpg

SgtPotato
05-18-12, 05:26 PM
http://www.podwits.com/wp-content/uploads/2012/03/donclint.jpg
"Quite a golden goose she have."

TarJak
05-18-12, 07:36 PM
I'm a fan of this spam:yeah:
http://i198.photobucket.com/albums/aa54/TarJak/spamfan.jpg

Rockstar
05-18-12, 08:13 PM
http://www.dangerousdwarf.com/images/golden_70_german_pb.jpg

Reece
05-19-12, 06:16 AM
http://www.luxurylaunches.com/entry_images/1207/10/Volkswagen_Beetle.jpg (http://www.luxurylaunches.com/entry_images/1207/10/Volkswagen_Beetle.jpg)
I'll settle for a Gold Porsche:
http://www.pricescope.com/idealbb/files/Gold-Porsche.jpg

STEED
05-19-12, 06:26 AM
Dear Uncle Sam its me again, stop hoarding all that German gold to yourselves and give me some so I can buy this.

http://the-reviewer.net/wp-content/uploads/man_with_the_golden_gun_ver3.jpg

BossMark
05-19-12, 10:34 AM
I wont be greedy just enough gold bars for me, so that I don't have to work nights again :yep:

Reece
05-20-12, 04:11 AM
I wont be greedy just enough gold bars for me, so that I don't have to work nights again :yep:
http://www.wearysloth.com/Gallery/ActorsA/30832-10189.gif
You're not getting any of mine!

STEED
05-20-12, 05:40 AM
http://www.wearysloth.com/Gallery/ActorsA/30832-10189.gif
You're not getting any of mine! Unless you give me a big wet sloppy kiss BossMark and vote Conservative.

Miss a bit. :shifty: :D :haha:

BossMark
05-20-12, 06:16 AM
http://www.wearysloth.com/Gallery/ActorsA/30832-10189.gif
You're not getting any of mine!

Miss a bit. :shifty: :D :haha:
Looks am staying on nights then :D:yep:

STEED
05-20-12, 06:19 AM
Give him a big double sloppy kiss and he may drop the vote conservative for vote labour. :rotfl2:

BossMark
05-20-12, 07:56 AM
Give him a big double sloppy kiss and he may drop the vote conservative for vote labour. :rotfl2:
http://i1224.photobucket.com/albums/ee374/rothwellwhite1/40948_152364764775836_142865822392397_477933_70307 12_n.jpg
Giving her a big double sloppy kiss and you've got a deal :up:

Sailor Steve
05-20-12, 07:58 AM
Giving a big double sloppy kiss and you've got a deal :up:
Self-portrait? :o

My opinion of you has changed dramatically! :D

Skybird
05-20-12, 08:11 AM
I must protest against this intentional and deliberate derailing of my beautiful thread! I HATE you all!

Rockstar
05-20-12, 02:44 PM
STOP THIS MADNESS

http://www.wordophilia.com/images/reefer-madness.jpg

mapuc
05-20-12, 03:06 PM
I must protest against this intentional and deliberate derailing of my beautiful thread! I HATE you all!

Your protest have been noted and put into archives among others very old protest. :D

Reece
05-20-12, 06:57 PM
Self-portrait? :o

My opinion of you has changed dramatically! :D
How about a date BossMark?:oops::hmmm:

Penguin
05-21-12, 08:56 AM
4 pages and nobody mentioned our real gold:

http://img526.imageshack.us/img526/4508/480xcopyofgoldochsenkel.jpg
:()1:


Beware of fool's gold though:
http://img607.imageshack.us/img607/1614/kw1809sort06d.jpg

Yes, those are plastic bottles...:timeout:

Rockstar
05-21-12, 09:47 AM
could this be where some of the german gold has gone?

http://wfiles.brothersoft.com/s/s_s/sexy_bikini_girl_sofia_34835-480x360.jpg

Reece
05-21-12, 07:12 PM
Now if I take that gold what's left?:hmmm:

For the answer ask Dowly!:yep:

CaptainHaplo
05-21-12, 07:44 PM
The aliens are after it.... probably already collected it by now...

http://www.thejesusalien.com/all-the-gods-aliens-want-us-for-is-our-gold/

Just so everyone knows the truthiness of it all.