Gold price is high, so why not just sell it?
Meanwhile Germany could silently buy gold at home and let the market handle where it comes from.
Meanwhile Germany could silently buy gold at home and let the market handle where it comes from.
We're essentially creating the same scenario as WTI vs Brent oil, where gold is partitioned into multiple different products depending on location.
Which is exactly the scenario you'd want to avoid, if you were concerned that a certain President might decide that "your" gold, locked in "his" vault, meant that he had you by the bars.