GERMAN GOLD RESERVES – Germany Repatriates Its Gold Reserves from U.S.
Despite previously characterizing the idea that it was planning on moving gold out of the New York Fed as an “irrational fear,” the German Bundesbank is set to announce a huge repatriation of its bullion this week, with France also being emptied of German gold in a sign that trust between central banks has hit rock bottom.
“In what could be a watershed moment for the price, provenance, and future of physical gold, not to mention the “stability” of the entire monetary regime based on rock solid, undisputed “faith and credit” in paper money, German Handelsblatt reports in an exclusive that the long suffering German gold, all official 3,396 tons of it, is about to be moved. Specifically, it is about to be partially moved out of the New York Fed, where the majority, or 45% of it is currently stored, as well as the entirety of the 11% of German gold held with the Banque de France, and repatriated back home to Buba in Frankfurt,” reports Zero Hedge. Apparently, since a significant proportion of that gold is now being moved out of the New York Fed, are we to assume that this “trust” no longer exists?
A month prior to that statement, which was made directly to the NY Fed’s Bill Dudley, the Bundesbank stated that it would “continue to keep gold at international gold trading centres” because that gold could be “pledged with the Federal Reserve Bank as collateral against US dollar-denominated liquidity.” The evidence of gold price manipulation is clear.
The evidence of gold price manipulation is clear
Financial analyst Jim Willie sensationally claims that Germany is preparing to ditch the unipolar system backed by NATO and the U.S. in favor of joining the BRICS nations, and that this is why the NSA was caught spying on Angela Merkel and other German leaders.
real reason behind the recent NSA surveillance scandal targeting Germany was centered around the United States’ fear that Europe’s financial powerhouse is looking to escape from an inevitable dollar collapse. The absolutely stunning decision by the Swiss National Bank to decouple from the euro has triggered billions of dollars worth of losses all over the globe. Buying surreptitiously allows Beijing to buy bullion at bargain prices; if the world knew how much gold China was really amassing, a run on gold the likes of which the globe has never seen would likely ensue. “We believe China is controlling the gold price because it is buying in such a way so as not to push prices up.” That’s the opinion of respected precious-metals analyst Julian Phillips of The Gold Forecaster, along with a host of other informed sources. (source) gold bullion germany german “gold reserve” “gold bullion” money cash wealth asset “made in germany” value bank banking “bank account” savings “savings account” silver “silver bullion” finance relationship confidence 2015 2016 reserves usd dollar currency forex “u.s. dollar” nyc “new york” america vault “united states” usa “gold storage” store storage purity jewellery jewelry “gold bar” “perth mint” “royal mint” exchange london uk history future trading account “elite nwo agenda” gold etf trading federal reserve collapse news jsnip4 demcad rothschilds rothchilds elite mafia george soros ukraine bilderberg bohemian grove bush bitcoin euro big brother illuminati silver porn unboxing monster box montagraph alex jones infowars gerald celente lindsey williams purity ultrasonic fake gold silver china
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Most loyal readers of my Frank Talk blog know that China, along with India, leads the world in gold demand. This Chinese New Year is no exception. Official “Year of the Ram” gold coins sold out days ago, and since the beginning of January, withdrawals from the Shanghai Gold Exchange have grown to over 315 tonnes, exceeding the 300 tonnes of newly-mined gold around the globe during the same period.
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