Comment: Fear of a run

In post: German Budesbank To Repatriate Gold from New York Fed

In reply to comment: It will take 7 years to repatriate Germany's gold. Slow boats? (see in situ)

Fear of a run

Submitted by Colorado Sean on Thu, 01/17/2013 - 03:02. Permalink

If the process were quick you would see other countries pulling out their gold.

Last time a request like that came from multiple governments Richard Nixon pulled us off the gold standard "temporarily."

—

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo

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