On January 16, 2013 Germany’s central bank (Bundesbank) said it will ship back home all 374 tonnes it had stored with the Banque de France in Paris, as well as 300 tonnes held in Manhattan by the US Federal Reserve, by 2020
- So far, 32 tonnes of the gold has been shipped from Paris
- Only 5 tonnes have made it back to the Germans from the US
Say German officials:
- “The Bundesbank explained by saying that the transport from Paris were simpler and therefore were able to start up quickly.”
and
- “The bullion stored in Paris possesses the elongated shape with beveled edges of the “London Good Delivery” standard. The bars in the basement of the Fed on the other hand have a previously common form. They will need to be remelted. And the capacity of smelters are just limited.”
No wonder some think the gold isn’t even there ….
