godwin_anarchism Posted January 16, 2013 Share Posted January 16, 2013 Germany Repatriating Gold From NY, Paris 'In Case Of A Currency Crisis' [test][test] [/test][/test] http://onforb.es/V8l1cs Germany’s central bank announced Wednesday it will repatriate gold reserves held at the New York Fed and the Banque de France in order to have “the ability to exchange gold for foreign currency […] within a short space of time.” Officials at the Bundesbank indicated they have no intention of selling gold, but acknowledged the move is “preemptive” in case a “currency crisis” hits the European Monetary Union. While they tried to minimize the importance of the move at the Bundesbank, repatriating gold is a clear indication of public loss of confidence on foreign central banks and the integrity of the monetary union. Over the past few years, Venezuela, Libya, and Iran have also repatriated their gold holdings. ... more: http://onforb.es/V8l1cs Link to comment Share on other sites More sharing options...
empyblessing Posted January 21, 2013 Share Posted January 21, 2013 I think the canary just croaked. Link to comment Share on other sites More sharing options...
ribuck Posted January 22, 2013 Share Posted January 22, 2013 It's interesting that Germany is not repatriating the gold it holds in London. I wonder why this is? Maybe there's a long-term contract in place. Link to comment Share on other sites More sharing options...
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