Last week the Bundesbank (the German central bank) surprised markets around the world by announcing that it will repatriate a sizable portion of its gold bullion reserves held in France and the United States. To many, the news from the world's second largest holder of gold signaled a growing, if clandestine, mistrust among central banks, possibly fueled by diverging policy goals. The Germans have attempted to tamp down the alarm by highlighting the myriad of logistical, practical and historical reasons that qualified the announcement as unremarkable. But the size, scope, and timing of the move makes it hard not to draw...
I was already aware that it will take SEVEN YEARS to repatriate 300 tons of gold to Germany. That begs the question: why seven years? Either the gold is not there -or- the gold is there, but it has been sold or leased to someone else & can be accessed now. Has the Federal Reserve been selling or leasing gold in an attempt to hold the price of gold artificially low? I was also aware that all the gold mined in China, remains in China -plus- China is using surplus paper US Dollars to import more gold from other nations. China is one of the few smart nations that realizes gold, not paper, is real money. Western Central Bankers are either idiots or they are purposely trashing the US Dollar & Euro & purposely creating a monetary collapse.
- WaPo: Is “the bear” loose … or is it an ostrich? Ed Morrissey 22 minutes ago
- Federal judge to IRS: Explain these “lost” e-mails, please … under oath Ed Morrissey 1 hour ago
- Quotes of the day Allahpundit 10 hours ago
- Video: Losing Andrea Mitchell Mary Katharine Ham 11 hours ago
- Boehner: Obama lawsuit will focus on Obamacare enforcement Mary Katharine Ham 11 hours ago
- Ann Coulter: Chris McDaniel’s killing his political future by contesting the Mississippi runoff results Allahpundit 12 hours ago