Saturday, October 20th, 2018 MST

Category: Interesting Issues

Germany repatriates its gold, at least some of it

Last week Germany’s central bank pompously announced that it had completed its repatriation of $31 billion in gold from Paris and New York, ridiculing earlier speculation that the gold had somehow been compromised.  A widely circulated theory was that Germany’s gold had been borrowed by bullion houses and delivered against futures contracts that were sold

Massive Gold Maple Leaf stolen

Early last Monday morning, burglars broke into Berlin’s Bode Museum and stole a 100-kilogram [221-pound (avoirdupois)] .99999 fine Gold Maple Leaf with a face value of C$1,000,000.  However, the C$1 million face value was nominal.  The coin’s gold value was right at $4 million.