Gold repatriation has been on the radar, some days more than others, for the better part of the past 5 years. The big news was Germany wishing to repatriate some of their gold from the Federal Reserve Bank New York (FRBNY) and Swiss National Bank. As you may recall the big news was it would take the FRBNY 7 full years to gather, process and ship a mere 300 tons of gold out of the New York vault and send to Germany. Very few people understood why it would take so long and, to this day, it makes no sense.
Germany has since claimed they have received all the gold requested and are currently satisfied. Peter Boehringer, the architect of the German gold repatriation movement in Germany, is not satisfied at all having not seen one bar, one serial number or any hard evidence proving the German gold has been returned.
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