Rumors Swirling On Germany's Gold Grab
From The Daily Bail
January 30, 2013 - 12:46am
Good report from Stuart Varney, perhaps the last person still alive to have seen the Fed's foreign gold vaults.
Don't skip the last 5 seconds.
Here are the details:
Bundesbank - Official Statement On Germany's Gold Repatriation
How German Gold Storage Will Look In The Year 2020
The German central bank is planning a “phased relocation” of 300 tonnes (metric tons) of gold from New York to Frankfurt as well as an additional 374 tonnes from Paris to Frankfurt by 2020. The reserves should end up looking like this:
Frankfurt (31%, currently) 50% by Dec. 31, 2020
New York (45%, currently) 37% by Dec. 31, 2020
London 13% no change
Paris (11%, currently) 0% by Dec. 31, 2020
"Germany's Gold Is Being Held Hostage By The Fed"
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