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German Gold Claw Back Causes Concern

Jack_Reacher Wrote: Jan 25, 2013 11:37 AM
An untimely suicide by Warren Buffet or even Ben "No Brains" Bernanke will signal the official end of the United States as we know it. Gold and silver will be king. But by then will life be worth the effort? Perhaps our boy, Obama, is more than capable of destroying not only the United States, but the world.

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...

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