FDR's promise of US Gold to Hitlers Germany 1940

[Carl Schwamberger]

I wonder if the post Munich movement of gold from Europe somehow influenced Mooney to suggest 'gifting' gold to Germany? Some sort of idea of rebalancing currency in Germany or something?

The physical transfer of gold to the US (& probablly other North & South American nations) suggests bankers were losing confidence in the method of paper transaction and inviolability of bank deposits. The looting of the Cezch banks by Germany in March 1939 was no doubt a warning.

[Gorque]

Hi Carl:

In order to bring the unfreezing of Czech assets by the U.S. in 1946 into better perspective, and my apologies for not including and expanding on this, Luxemburg on that date had $ 33,400,000 in assets unfrozen. Also the article didn't mention gold, only assets, so I would imagine that would bring the amount of Czech gold held in U.S. coffers to amounts lower than $ 9,400,000.

Best regards,

Gorque