Exactly a month ago, the world watched the aftermath of what happens after the European countries decided to return its gold from new York fed. This special success has not crowned, but the amount of physical gold in the US was strongly reduced.
More recently it became known that the volume of gold decreased by 42 tons, and since the beginning of the year inventories fell by a whopping 119 tons, the highest level since the bankruptcy of Lehman.
The volume of gold stored in the U.S. and not included in the gold reserves of the country in November amounted to $8,184 billion While the cost of the gold damage is estimated at $42,22 per Troy ounce and at market prices the value of the seized gold reaches $1.7 billion
In real terms this means that of the fed in new York was derived of 47.1 tons of gold, bringing total earmarked reserves the fed was 6,029 tonnes. And this is the lowest amount of gold in the fed vault located at 33 Liberty street, in the twenty-first century.
But even more interesting fact that now in the data taking into account all amounts of gold repatriated by the Netherlands.
In November the Central Bank of the Netherlands has announced that he will bring back to Amsterdam 120 tons of gold stored in new York.
Officially it was announced that this step aims to more evenly distribute the reserves, but it is difficult to ignore the fact that the Netherlands decided to bring back gold stored in new York, but did not touch the gold stored in Canada and London.
The amount of reserves stored in Canada and the UK (20% and 18%, respectively), will remain unchanged.
Last month it became known that the country's Central Bank — De Nederlandsche Bank — began to be transported to the country of 600 tons of its stocks: 51% currently stored at the fed in new York, but the country plans to reduce this number to 31%, while some part of the reserves will still be kept in Canada and the UK.
The question is, which country was taken from the store an additional 44 tonnes of gold. Perhaps this is Austria, which is also planning to return their reserves in the country. Or Belgium, or the Dutch just decided to take out more than planned last month. Or it could be Germany that finally solved its "logistical difficulties", which did not allow her to return more than 5 tons in 2013
If it really was Germany, then won't there be any "diplomatic difficulties" between the country and its gold are the United States.
Austria is the last country that started a debate on the return of his gold. It has 280 tons of gold, 80% of which is stored in London and 3% in Switzerland.
Last week Austria started to consider the practical issues of the return of gold in the vein. And this is only part of the growing trend.
Germany is also already for several years considered the possibility to return their gold. Its reserves total about 3,400 tons, most of which is stored in the US, UK and France, however, it was agreed that the majority will be gradually returned to the country under the control of the Bundesbank.
One thing is for sure: the list of applicants there is no Ukraine, the irony of the blog zerohedge.com. Official data about the direction of removal of gold should be published soon.
The rationale of gold inside the country is that gold is an insurance cushion in case of countries returning to national currencies. The fact that many countries want to have a safety cushion, it is very important for the Euro. These countries believe that there is a real possibility of collapse.
The biggest risk for the Euro in the medium term is connected not with economy, and with politics. If people will not trust the Euro, it will not survive. And a tendency to return the gold into the country is a vivid indication that such mistrust is growing.
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