The financial world was shocked this month by a demand from Germany's
Bundesbank to repatriate a large portion of its gold reserves held
abroad. By 2020, Germany wants 50% of its total gold reserves back in
Frankfurt - including 300 tons from the Federal Reserve. The
Bundesbank's announcement comes just three months after the Fed refused
to submit to an audit of its holdings on Germany's behalf. One cannot
help but wonder if the refusal triggered the demand.
Read more: http://finance.townhall.com/columnists/peterschiff/2013/02/05/the-bernanke-shock-n1505144?utm_source=thdaily&utm_medium=email&utm_campaign=nl
Read more: http://finance.townhall.com/columnists/peterschiff/2013/02/05/the-bernanke-shock-n1505144?utm_source=thdaily&utm_medium=email&utm_campaign=nl
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