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Rohan2Reed
Grambling Fan
Auerbach's Tavern
Member since Nov 2003
58866 posts
| re: Germany is taking back it's Gold (Posted on 1/17/13 at 9:54 pm to Mike da Tigah)
Germany is in the process of becoming a more autonomous nation. They have also recently started expanding their military presence. This has little to do with the state of the U.S.
Here, read this.
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WikiTiger 
LSU Fan
Member since Sep 2007
38302 posts
| re: Germany is taking back it's Gold (Posted on 1/17/13 at 9:58 pm to Rohan2Reed)
quote:
Germany is in the process of becoming a more autonomous nation.
Does that also include monetary autonomy? If so, 
Gonna go read your link now
This post was edited on 1/17 at 9:59 pm
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Porky 
Arkansas Fan
Member since Aug 2008
9341 posts
| re: Germany is taking back it's Gold (Posted on 1/17/13 at 10:00 pm to boosiebadazz)
quote:
Are we going to war with Germany again?
Is that what this means?
That hasn't even crossed my mind but since you brought it up, we need to deal with own problems instead of becoming another country's problem.
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Jbird 
Iowa Fan
Odramaville with EthanL
Member since Oct 2012
4988 posts
| re: Germany is taking back it's Gold (Posted on 1/17/13 at 10:03 pm to Rohan2Reed)
quote:
They have also recently started expanding their military presence
Meh, so for the most part they are finally fulfilling their Nato responsibilites.
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beulahland
LSU Fan
Omaha and #7!!!
Member since Jan 2013
756 posts
| re: Germany is taking back it's Gold (Posted on 1/17/13 at 10:07 pm to Jbird)
quote:
fulfilling NATO responsibilities
that and preparing to cut off the socialist vampire bats that are the rest of the EU who are bleeding them white.
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Jbird
Iowa Fan
Odramaville with EthanL
Member since Oct 2012
4988 posts
| re: Germany is taking back it's Gold (Posted on 1/17/13 at 10:10 pm to beulahland)
quote:
that and preparing to cut off the socialist vampire bats that are the rest of the EU who are bleeding them white.
True, I was in Germany a few months ago, everyone I talked to were fricking sick of the deadbeats in southern Europe demanding more money from Germany.
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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63239 posts
| re: Germany is taking back it's Gold (Posted on 1/17/13 at 10:30 pm to Mike da Tigah)
Germany no longer fears the Warsaw Pact over running it in a new European war (which was the reason Germany wanted significant amounts of its gold reserves to be stored off its soil) so it is bringing its gold home.
The U.S. Federal Reserve charges a type of storage fee to safeguard and store the gold, just like it does for all countries for which it holds their gold. Now that it feels safe to do so, Germany can store its own gold and avoid paying those fees to the Fed.
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boosiebadazz
Member since Feb 2008
36680 posts
| re: Germany is taking back it's Gold (Posted on 1/17/13 at 11:06 pm to LSURussian)
Finally, a real answer.
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HappyTownTiger
LSU Fan
Member since Jan 2012
887 posts
| re: Germany is taking back it's Gold (Posted on 1/17/13 at 11:11 pm to Mike da Tigah)
I thought they came in second in the tour de France. Ok, got it now.
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Porky
Arkansas Fan
Member since Aug 2008
9341 posts
| re: Germany is taking back it's Gold (Posted on 1/18/13 at 12:42 am to LSURussian)
quote:
The U.S. Federal Reserve charges a type of storage fee to safeguard and store the gold, just like it does for all countries for which it holds their gold. Now that it feels safe to do so, Germany can store its own gold and avoid paying those fees to the Fed.
Makes sense.
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Tigah in the ATL
LSU Fan
Atlanta
Member since Feb 2005
20713 posts
 Online
| re: Germany is taking back it's Gold (Posted on 1/18/13 at 1:28 am to Mike da Tigah)
quote:
China is buying up all the gold it can get its hands on
No it's not. China could buy all the gold it wanted to if it were willing to pay market prices.
Gold is still a traded commodity. By definition that means there is always some to buy.
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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
4613 posts
| re: Germany is taking back it's Gold (Posted on 1/18/13 at 6:46 am to WikiTiger)
Wiki,
When Bitcoins can be used to buy groceries in a supermarket, pay my cell phone, water, gas, electricity, mortgage,etc... Make an update and I'm in. I'll start a thread saying "wiki told me so"
Most of the items on that store I can get cheaper with cash, if that 16.18 is correct
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Mike da Tigah
Ft. New Richmond
Member since Feb 2005
36799 posts
| re: Germany is taking back it's Gold (Posted on 1/18/13 at 7:17 am to Tigah in the ATL)
quote:
China is buying up all the gold it can get its hands on
No it's not. China could buy all the gold it wanted to if it were willing to pay market prices.
Gold is still a traded commodity. By definition that means there is always some to buy.
No it's not?
So, all the stories on The Chinese Government and citizens buying up gold and causing the price of gold to go through the roof is just a really clever ruse?
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