News for hackers. Stuff that matters.
Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by easilyBored on Sunday April 30, 2017 @01:48PM (#14232827)
The same principal applies to states, and that's why they shipped the gold to USA to begin with...to save it from the Russians.

Gold is for when that stuff hits the fan: no one will take your paper money or if they do, you'll need 50lbs of trillion billion dollar bills to buy a loaf of bread. By noon the price will double.

If you're net liquid worth is well into millions, why not have a few hundred gold coins laying around? You might lose money (compared to the stock market returns) but so what. Peace of mind. Never know. All eggs in one basket and all.

Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by erikb on Sunday April 30, 2017 @05:46PM (#14234021)
What I mean is that it doesn't really matter if the Russians or the Americans have it, at least from a German perspective. Whoever has it has quite some power over Germany. That we might consider US or RU the bad guys is more based on propaganda than on actual facts. Both can be quite bad as well as helpful allys. And both probably have smart enough leadership to use this kind of chip for bargain rather than total exploitation. So it's not like the Russian would have stolen it, it's more like that the cold war might have had a different winner and Germany would be a semi-independent partner as it is now, just to the Russians rather than the Americans.
Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by hueving on Sunday April 30, 2017 @01:58PM (#14232880)
Gold coins so people can steal them from you in this doomsday scenario? Gold is about as useful as monopoly money when facing a gang of people that will just kill you and take whatever they can.
Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by easilyBored on Sunday April 30, 2017 @02:14PM (#14232988)
Still, better to have them than not. Of course you're not going to walk around with 3 kilo gold chains around or tell people how much gold you got.
Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by thinkloop on Sunday April 30, 2017 @04:37PM (#14233695)
With gold, you will be the gang.
Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by notahacker on Sunday April 30, 2017 @04:43PM (#14233717)
Only if you can persuade the gang they can't get more gold from killing you than working for you.
Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by thinkloop on Sunday April 30, 2017 @04:57PM (#14233790)
To build the gang you must recruit where `new-recruit-power < total-gang-power`. Since to start you are the only gang member, you can only recruit one dude who is 0.75 your strength. Now the gang is 1.75 strength, so you can go after another dude who's really strong, say 1.25. Now your gang has a strength of 3. Eventually you will be able to swallow up whole other gangs.
Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by kakarot on Sunday April 30, 2017 @05:40PM (#14234000)
That is not at all how anything works. What is "gang power"? What factors contribute to it? Manpower, wealth, weaponry, or what?
Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by thinkloop on Sunday April 30, 2017 @08:43PM (#14234768)
Trust me it works.
Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by sdenton4 on Sunday April 30, 2017 @01:55PM (#14232865)
Eventually, hyperinflation causes money to be measured in a logarithmic scale... And it's fun to imagine the value if a dollar falling below the plank length.