GoFuckYourself.com - Adult Webmaster Forum - View Single Post - US Quietly Snatches the Ukraine?s Gold Reserves

deltav · 03-25-2014, 10:30 AM

Many countries store a portion of their gold reserves abroad, even Switzerland of all places stores part of their large reserves with other nations. One of the reasons to have it accessible to foreign markets if needed in an emergency (you can't sell of tons of physical actual gold to yourself), another being to mitigate risk. I imagine Ukraine saw seizure of the Crimea plus other Russian forces on their doorstep (plus Putin's claims that their govt is illegitimate) to be pretty much the definition of risk. Go figure!

The Germany thing is far far more complicated than "US won't give their gold back". Who really knows what's going on behind the scenes, surprisingly most nations and banks are pretty secretive about how enormous precious metal currency reserves are stored, exchanged, moved, etc. That Der Spiegel article is an alright summary tho.

03-25-2014, 10:30 AM
deltav Confirmed User Industry Role: Join Date: May 2010 Location: USA Posts: 1,243	Many countries store a portion of their gold reserves abroad, even Switzerland of all places stores part of their large reserves with other nations. One of the reasons to have it accessible to foreign markets if needed in an emergency (you can't sell of tons of physical actual gold to yourself), another being to mitigate risk. I imagine Ukraine saw seizure of the Crimea plus other Russian forces on their doorstep (plus Putin's claims that their govt is illegitimate) to be pretty much the definition of risk. Go figure! The Germany thing is far far more complicated than "US won't give their gold back". Who really knows what's going on behind the scenes, surprisingly most nations and banks are pretty secretive about how enormous precious metal currency reserves are stored, exchanged, moved, etc. That Der Spiegel article is an alright summary tho. __________________ ********* DeltaofVenus.com - Vintage Erotica from the 1800s through 1979 Last edited by deltav; 03-25-2014 at 10:33 AM..