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5huggy

How Poland secretly moved £4bn of gold from London

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This and MANY similar repatriations lately -

Is starting to look like MOST governments want their own GOLD in "THEIR OWN POSSESSION"

Hmmmm  - - Ive often said (on here) -  IF you dont "HOLD" it  - - - You dont "OWN" it!!

Looks to me like the governments are thinking similarly!! or they are starting to NO LONGER TRUST EACH OTHER!!!!!!

Poland’s gold reserves have been stored at the Bank of England for decades, having been evacuated from Poland at the outbreak of the Second World War amid fears they would fall into the hands of Nazis.

 

Edited by 5huggy

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This Nazi narrative doesn’t make sense to me since it was over just 6 years after the evacuation. 

At the same time Germany’s gold reserve was held in the BOE (Paris and NY – Moscow apparently didn’t get a slice?!)  to keep it out of Soviet reach.

Why would the gold be kept in England when for more than 70 years the Nazi threat is over and the Soviet Union would gladly keep a watchful eye over it?

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https://www.dailymail.co.uk/news/article-7750425/4billion-gold-secretly-flown-London-Poland.html

I guess the saying that Gold is a barbarous relic no longer true.....

@augur read article above URL link to understand how majority of it ended up in the Bank of England

How Poland's gold was secretly shipped through four continents for five years to hide it from the Nazis

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Thanks @Abyss, a well portrayed journey.

The part that i do not understand is why it never was returned since 1945 until now. The Blitzkrieg lead to the Blitzevakuation but does not explain why it remained in custody for 75 years. 

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Isn't because Poland have a more nationalist government and it suits that image of a strong country. They left the other 100 tonnes which they bought last year here, so can't be too worried about it. 

Also gives them an excuse to mint a commemorative coin (that's bar shaped)

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Central Banks, European especially have been repatriating their gold for a while. from what I’ve read the general fear is that Fiat is going to tank. Shame Gordon Brown blew most of ours (UK) away. 
 

I watched this a while back, it’s pretty interesting, but I think they are listening to @5huggy if you don’t hold it you don’t own it! 
 

 

 

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12 minutes ago, augur said:

Is anybody here repatriating their gold from the banks to their home? 

From what I hear the physical market is also only covered 10% as many investors never bother to take delivery. 

I have started making alternative arrangements to SD boxes to be honest. Am getting a bit more paranoid lol. 

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2 hours ago, augur said:

Thanks @Abyss, a well portrayed journey.

The part that i do not understand is why it never was returned since 1945 until now. The Blitzkrieg lead to the Blitzevakuation but does not explain why it remained in custody for 75 years. 

IMHO - It could have been used purely as "Collateral" for intergovernmental loans etc - - but NOW they, and many other governments are seeing through the "FIAT FOG" 

THAT they helped create! 🙄

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1 hour ago, ilovesilverireallydo said:

I have started making alternative arrangements to SD boxes to be honest. Am getting a bit more paranoid lol. 

In the event of a major financial catastrophe, what guarantee is there that a government won’t block access to private safety deposit boxes and seize precious metals stored there too?

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21 minutes ago, westminstrel said:

In the event of a major financial catastrophe, what guarantee is there that a government won’t block access to private safety deposit boxes and seize precious metals stored there too?

Exactly why am looking into alternative 

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3 minutes ago, ilovesilverireallydo said:

Interestingly I have a few of those coins...

That's pretty neat. Are they gold?

What I'm not sure about, is supposed you're mugged in feudal Japan, wouldn't they also take your sword?!

Edited by Notafront4adragon

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7 minutes ago, Notafront4adragon said:

That's pretty neat. Are they gold?

What I'm not sure about, is supposed you're mugged in feudal Japan, wouldn't they also take your sword?!

A few silver and one gold. Think I have photos up on the forum somewhere. 
 

I think stealing a person’s sword was taboo but not sure

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