What we have just discovered, and what presumably few people in the English speaking world are aware of, was that the Bundesbank had made an earlier gold repatriation request (to the much publicized 300 ton repatriation request) in the fall of 2012, to ship home 150 tons from the US in three years (ending in 2015). So after January 2013 two repatriation schedules co-existed. They were not mutually exclusive – meaning Germany expected to see back was 150 tons from the US by 2015 – and ultimately 674 tons by end-2020 from both the US and France.
This was the plan…
However, it appears the Buba has folded from pressure from the Fed after a mere 5 tons of Germany’s gold reserves were delivered in 2013 as the Handelsblatt reports: ”The Bundesbank no longer feels bound to the concrete repatriation commitment time table they now admit for the first time.”
The Bundesbank has now withdrawn the original schedule to repatriate 150 tons from the US before 2015.