One of the more puzzling developments in the gold market was when Germany decided to take physical possession of their gold held at the New York Federal Reserve bank. You would think it could be done in one or two days. You send a few Brinks trucks over and load them up. For some reason, Germany [actually the USA] said it was going to take many years to accomplish the transfer.That's because the gold isn't there. And, Oh Gosh, there's suddenly a huge drop in the price of gold while Uncle Sam buys back enough gold to pay back the Germans.Gosh, who'd a thunk it!
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