Posted on 02/10/2017 8:19:59 AM PST by DoodleDawg
Germany's central bank is bringing home gold reserves stored in places like New York and Paris faster than planned, it said Thursday, as confidence in the euro ebbs even in the heart of the currency bloc after a decade of a sluggish economy.
Stashed away at the height of the Cold War in safe havens well out of Moscow's reach, the 3,378-tonne, 120 billion-euro gold stockpile has become a symbol of Germany's economic ascent and a guardian of its stability.
But with Europe stumbling from crisis to crisis, the German public has grown uneasy about keeping the gold abroad. Some even argue the world's second biggest bullion reserve may be needed to back a new deutschmark, should the euro zone break up.
(Excerpt) Read more at msn.com ...
Germany’s globalists are making their parachutes. If the plan doesn’t work, bail. And it’s definitely not working.
“Stashed away at the height of the Cold War in safe havens well out of Moscow’s reach,”
By letting the fed hold it for you... Bright.
Muslims have a thing about gold. I think Merkle’s masters want to get their hands on the German people’s gold. Look for it to just kind a vanish soon after it’s shown off.
How much weight is being returned in the formula of filling, crowns wedding rings
Merkel getting it all together for the “refugees” for when they finally take over?
Getting the physical gold is a selfish and covetous act.
Someone's gonn'a sub some painted lead ingots soon.
I thought they asked for their gold and was told it would take 7 years? This is not a new story if I recall right.
That's 2% of all the gold mined in human history (165,000 tonnes).
If this gold has been physically ANY WHERE near an American politician or government agency employee, the Germans had better check EVERY bar.
No, it isn't a new story. Germany announced several years ago that they wanted to return part of their holdings to Frankfurt from Paris, London, and New York. They just finished earlier than planned.
“It’s my money and I need it nein...uh, now!!”
It's been in the New York Fed, the Bank of England, and the Banque de France. And the Germans have always been free to inventory their holdings at any time.
Germany is finding out the hard way: You can have open borders OR a welfare state. You CAN’T have BOTH.
About a third of the gold held in the New York Fed belongs to Germany. Even with the transfer they’re still the largest single depositor.
Why do I think this has something to do with Russia?
I don't know. Why?
I’m not sure what the applicability is. This is not Germany increasing gold reserves or decreasing gold reserves. It’s moving what they already have from point A to point B.
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