Topic: It Begins! Germany removing gold from NY FED
Sojourning_Soul's photo
Tue 01/15/13 09:22 PM

When the worlds central banks don't even trust each other why should we trust them?

http://www.zerohedge.com/news/2013-01-14/it-begins-bundesbank-commence-repatriating-gold-new-york-fed

Conrad_73's photo
Thu 01/31/13 12:55 AM
http://mises.org/daily/6351/Germany-Repatriates-Its-Gold

>>>>>>As part of its Cold War strategy, Germany stored much of its gold reserves “as west as possible.” Bundesbank officials now claim that strategy is outdated. They also say that the movement of gold back to Germany is meant to build trust and confidence in case of a currency crisis in the Euro. The move, as reported by the Wall Street Journal, was in response to “pressure from Berlin and from a remarkable grass-roots campaign by the populist press, which played on fears that the euro crisis poses a risk to Germany’s financial well being.”

The subject of repatraiting Germany’s gold was discussed on Mises.org back in October and December of 2012. Patrick Barron and Godfrey Bloom concluded that repatriating the gold is an important and necessary first step for monetary reform. <<<<<