Saturday, March 1, 2014

Achtung! Germany wants its gold

11 months ago the financial world was rocked by Bundesbank plans to repatriate 30 to 50 metric tons of gold stored in New York in 2013 under a plan to repatriate home half of its bullion reserves held abroad.

The central bank transferred 32 tons of gold from Paris and 5 tons from New York last year, according to a Bundesbank spokesman. Meanwhile a German legislator and a member of the governing coalition in the German Parliament, Philip Missfelder, is calling for repatriation of all of the German Bundesbank’s gold vaulted abroad.

See --->