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It Will Take 7 Years to
Repatriate Germany's Gold

Reportedly, the repatriation of Germany's 674 tonnes of gold from foreign vaults will last 7 years. Every single bar will have been deposited at the Bundesbank's Frankfurt vault by 2020 only.

150 tonnes of the 674 tonnes will be returned within 3 years. Allegedly for "testing the quality and weight" of the gold bars. This raises questions regarding the material itself...

But if Venezuela's 160 tonnes could be repatriated in a little over 2 months, why does it take 7 years for Germany to return 674 tonnes?

Transportation and Safety Issues

300 tonnes are held in New York, the rest of the 374 tones in Paris.

Germany can ensure secure transportation in as many tranches as they require.

They have the possibility to use rail, road vehicles, cargo ships and airplanes. Basically, all means of transportation.

Even the total of 674 tonnes aren't too much to carry for a large cargo ship. Some bulk carriers are able to transport 60,000-80,000 tonnes, meaning that roughly 100 times as much gold could be easily transported.

Obviously - a single shipment wouldn't be safe. What if a ship sinks? What if it gets attacked?

The 300 tonnes from New York could be easily transported, split into 30 tranches: 10 tonnes per ship. So the New York shipment is doable in a single month.

What if they'd use cargo planes to carry?

If the German Air Force would hire a few C-17 Globemasters, then this could be achieved relatively fast. A single one of those cargo jets is capable of carrying payload in excess of 77 tonnes. 4 trips and the transportable cargo would be depleted. Doable in a day with 4 planes or, if split into multiple tranches, still doable in a matter of weeks.

The Paris shipment would be easiest to solve. Probably rail or a combination or rail and air transportation means could ensure the return of the 374 tonnes of gold to Germany.

Previously: in the year 2000 Germany had 1,440 tonnes of gold deposited at the Bank of England. Due to high storage costs, the holdings were rapidly slashed at 500 tonnes. 940 tonnes were flown by airplane to Germany!

Pretty fast for 940 tonnes!

Conclusion: transportation isn't an issue.

Why 7 Years, Then?

It's likely that the German gold either isn't where it should be or, there are some other concerns (for instance: fear of others withdrawing their gold).

One speculation that's circulating among economists is that the German gold held in New York was lent to other parties or, it serves as a backing.

Just like banks loan us money, the Federal Reserve might have "borrowed" the Bundesbank's holdings to some other party.

An example: if you put your money into a bank account, the bank will lend your money as credit to various other parties. Of course, holding your money in a bank deposit will result in interest - your profit, which you will collect after a certain amount of months, years etc. That money is created by the bank.

On the basis of deposits and various investments (banks have other services as well) - the banks allow themselves to lend money to their other clients on interest.

Simply: your deposit money will be given to someone else as a loan/credit!

The banks themselves act like they own far more money than they actually do. 10 people could create deposits at a bank and the bank might use their money to give away credits to 50 other persons.

It's like "borrowing" the same some again and again. It's a pyramidal scheme.

Similarly, the Fed might be engaged in more or less known activities of lending gold reserves or backing certain economic activities with the gold they hold.

In order not to "crash the system", they could have agreed with Germany upon a deal: they withdraw the gold gradually and "no-one gets hurt".

We may never know the truth, but "it's out there". One thing is certain: something is went wrong in the way Germany's gold was stored at the Federal Reserve's vault.

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