Pages

Monday, October 22, 2012

Germany Removing Gold From the Fed

German courts want an auditing all its gold holdings and has begun moving 50 tons a year from the Fed to Germany. This is very interesting because it indicates a lack of trust in the security of the banks. It also shows the German government does not trust the current economic conditions to get better – or stay the same. Fascinating times.

No comments:

Post a Comment

Please keep all comments clean, respectful to other commenters, and use full links if you include one. No shortened links or profanity will be allowed. Thank you!