tag:blogger.com,1999:blog-6089228851855763774.post1509250127384732333..comments2024-02-05T17:24:09.663+08:00Comments on Gold Chat: German repatriation - trainspotters onlyBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6089228851855763774.post-1677586491467278102015-01-23T03:32:17.687+08:002015-01-23T03:32:17.687+08:00Ukraine gold was around 40 tonnes. Maybe it got ro...Ukraine gold was around 40 tonnes. Maybe it got routed to Frankfurt instead of NY. <br />Maybe the Ukranians wont ask for their gold back too soon. Anonymoushttps://www.blogger.com/profile/16825159843427584507noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-49160620626812478872015-01-23T01:02:46.559+08:002015-01-23T01:02:46.559+08:00If all was standard lot size, why was some refined...If all was standard lot size, why was some refined and some not? Anonymoushttps://www.blogger.com/profile/09260188706906112262noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-8895733404535930382015-01-23T01:00:25.177+08:002015-01-23T01:00:25.177+08:00The only thing I heard from a journalist here is t...The only thing I heard from a journalist here is that DNB started repatriating in October. So he was wrong. They must have repatriated earlier. Anonymoushttps://www.blogger.com/profile/09260188706906112262noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-56521559001474896972015-01-22T23:54:56.757+08:002015-01-22T23:54:56.757+08:00To Bron and Koos:
great work guys
all the best
...To Bron and Koos:<br /><br />great work guys<br /><br />all the best<br /><br />harveyHarvey Organhttps://www.blogger.com/profile/08732619537060012229noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-22514246458721273342015-01-22T09:23:18.827+08:002015-01-22T09:23:18.827+08:007 tonnes is not a lot to re-refine if you are only...7 tonnes is not a lot to re-refine if you are only going up to 9950 purity. Was buba explicit that the re-refine happened in Nov/Dec? Would not the 7.37t in September be the lot that was re-refined?Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-63864453598650642262015-01-22T09:19:33.465+08:002015-01-22T09:19:33.465+08:00Good pick up, there is certainly some standard &qu...Good pick up, there is certainly some standard "lot" size the FRBNY is packing/shipping in.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-83013703222094280152015-01-22T09:15:54.305+08:002015-01-22T09:15:54.305+08:00Thanks Koos. I did consider the rounding in the % ...Thanks Koos. I did consider the rounding in the % allocations but your point about the FRBNY rounding also gives some wriggle room. Still I don't think there is another combination that produces circa 85 & 123.<br /><br />Did the Netherlands give any indication they may have start repatriations in March?Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-2569057632580335762015-01-22T07:22:09.656+08:002015-01-22T07:22:09.656+08:00From my Twitter comment:
1) The FRBNY reports on ...From my Twitter comment:<br /><br />1) The FRBNY reports on foreign gold deposits in round Million $ (@42.22/Oz). That makes a margin of 0.37 tonnes on the tonnage we calculate from their reports. It will likely never be exactly 5.16 tonnes <br /><br />2) DNB reports in % on their gold allocation, that also has a error margin.Anonymoushttps://www.blogger.com/profile/09260188706906112262noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-11021807133706992232015-01-22T03:48:28.909+08:002015-01-22T03:48:28.909+08:00IF I was a conspiracy theorist (I am not), I could...IF I was a conspiracy theorist (I am not), I could probably invent the story that the rush to "exit" US is really just a result of the Republicans taking control. Perhaps to appease one of the many conspiracists in their midst, an audit of the US's gold holdings may be slated in the near future. What better way to hide missing gold than to say it has simply been repatriated (even if it wasn't...and other CBs go along with the story...). Anyway, I am bored so thinking this could make a good novel or provide fodder for blogosphere (but I made it up of course!)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-11188236061909124232015-01-21T22:38:58.778+08:002015-01-21T22:38:58.778+08:00There is also the critical question of how the Bun...There is also the critical question of how the Bundesbank could have sent 50 tonnes to a refinery for recasting and have it all delivered back to Frankfurt by the end of December, given the fact that Germany only would have only received 43 tonnes from the FRB by the end of November. <br /><br />This Bundesbank narrative implies that at least 7 tonnes of the recast 50 tonnes was processed by a refinery in December and arrived back Frankfurt by month-end. <br /><br />This adds to your comment above of why rush things in December. Furthermore, there are significant holiday periods in Europe from 24th Dec to month-end. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-74243737469957460892015-01-21T22:29:44.972+08:002015-01-21T22:29:44.972+08:00The combined July, August and September figures, l...The combined July, August and September figures, less 5.16, also equals 41.99<br /><br />i.e. [(24.31 + 15.47 + 7.37) - 5.16] = 41.99 Anonymousnoreply@blogger.com