Post
Topic
Board Economics
Re: FED refuses to return back Germany gold after an failed audit
by
Gyrsur
on 02/05/2013, 19:13:24 UTC
just an innocent question, why fuck would sovereign state store its national treasure in another sovereign state's vaults, anybody?

I read in a newspaper some time ago the reason is to get fast US$ in case of crises in Germany or Europe. the German government want to be liquid in such a case. they have gold at serveral locations and are able to exchange it to fiat money very fast.