Comment: Push Button Money Vs. Gold

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Push Button Money Vs. Gold

So, the Fed can send $100 billion to US subsidiaries of European banks in one week with the push of a button, but when it comes to returning 300 tons of gold worth about $15.4 billion to Germany's Bundesbank, it will take seven years. That must either be how long it will take for all the re-hypothicated long term gold leases to mature, or how long it will take to mine and refine that much gold.

Ed Rombach