Central banks repatriating gold?

Bottom Feeder said:

If you don't hold it…

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The idea was, of course, if the Fuddrel Reserve held it, it was safer than in your own (corrupt) treasury.

That idea has been tested and found wanting, a long time ago. I guess Central Bankers cling to their delusions, fiercely...

Casey Jones said:

The idea was, of course, if the Fuddrel Reserve held it, it was safer than in your own (corrupt) treasury.

That idea has been tested and found wanting, a long time ago. I guess Central Bankers cling to their delusions, fiercely...

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Oh, I have complete faith and trust in central bankers and our Federal Reserve.

The head of the Central Bank of India, Mytur Binisdurdee said they will eventually bring back all their gold and will stockpile silver.

How much of that will make an additional trip, into his private vault?

Everybody missed the joke. Read the previous.post.out.loud.

...
Germany and Italy, holders of the world’s second- and third-largest gold reserves, are encountering mounting domestic pressure to repatriate their bullion stored at the Federal Reserve Bank of New York. Together, the reserves amount to over $245 billion, equivalent to more than one-third of their holdings abroad .

Germany holds approximately 3,352 tonnes of gold, of which 1,200 tonnes—valued at around €113 billion—remain deposited in New York. Italy holds approximately 2,452 tonnes, with a similar proportion stored in the United States .
...
The surge in repatriation demands reflects broader international trends, with nations such as the Netherlands, Hungary, and India recalling gold reserves from overseas vaults in recent years .
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pmbug said:

Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults - London Daily

Berlin and Rome face growing calls amid geopolitical tensions and doubts over Federal Reserve custodianship

londondaily.com

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I'm laughing if they think they are actually ever going to see it again.

Unh, what was the reason gold was stored in US?
I thought it was to prevent it from falling into russian hands in case of european war.
So with war on the horizon, they want it back?
Is there a plan?

Bottom Feeder said:

...
So with war on the horizon, they want it back?
Is there a plan?

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As I understand it, the cries for repatriation are coming from the people (and maybe a few outlier/renegade politicians). The central banks and most of the governments are happy to maintain the status quo.

Bottom Feeder said:

Unh, what was the reason gold was stored in US?
I thought it was to prevent it from falling into russian hands in case of european war.
So with war on the horizon, they want it back?
Is there a plan?

Click to expand...

It's an OBVIOUS plan! Their plan is to egg Russia into launching a war, and then hiding behind NATO and the US's entangling foreign engagements, i.e. treaties to provide "mutual aid and assistance."

The old bar game, played by aging harpies who want to pretend they're still hot. Goad her man..."Let's you and him, fight."

It'll probably work, unless and until the Dumbo cracks launch their own civil war, here.

Davos, seat of Globalism, probably hopes to be the Last Force Standing. I hope Putin knows that to stop the madness, he has to PUNISH the TRUE instigators. Reduce Geneva and Davos to dust. Incinerate the City of London; and de-industrialize Germany...Germany, the seat of every bad Western idea for 200 years.

It will cost us, too. To prevent decimation, once this gets going - quickly after it does - the BosWash megalopolis will have to be vaporized. Chicago because it, too, is a center of really-stupid ideas. Los Angeles, because it's where the instigators take refuge, and Seattle, because Boeing-boeing.

Tough times ahead. Brought to you by leadership that has become incrementally more-foolish for 80 years.

Seattle? I think Bozeman would be a better target.
<Heh>

Bottom Feeder said:

Seattle? I think Bozeman would be a better target.
<Heh>

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Why Bozeman?

FWIW, it wouldn't affect me. I'm hundreds of miles west. Although we're on an active fault and right over the Yellowstone Caldera. I suppose a big boom might open THAT up...

But Bozeman could go. The good people have mostly been driven out...worse even than my location. Reduce it to cinders, and in a hundred years, it'll be again beautiful.

Why Bozeman?
Heh — it was just the first MT city that came to mind.
You nuke seattle so I nuke Bozeman.

Bottom Feeder said:

Why Bozeman?
Heh — it was just the first MT city that came to mind.
You nuke seattle so I nuke Bozeman.

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I nuke your next-door; so you gonna nuke my neighbors.

We're a fine bunch.

I'm in the Five Valleys. A River Runs Through It.