Definitely some funny business going on with gold. I believe the Netherlands in addition to Germany is repatriating it from here. And what happened to all of Ukraine’s gold? Poof and it’s gone, no comment from the Fed whether we took it.
I think some of the funny business with gold is all of the stocks and mutual funds. I’m betting they don’t have control of real gold OR are even backed by real gold. I wouldn’t be surprised to hear there’s only a penny on a dollar of real gold backing these things.
Holland has already repatriated their gold. The Ukraine’s gold is sitting in a vault somewhere in the US.