quote: Brian Giesen It finally happened. After a report in a German business daily earlier this week, the Bundesbank has today confirmed it will take back large quantities of its gold stored in New York and France. The AP reports that all 374 tons of German gold held in Paris and a further 300 tons of gold stored in New York will be moved back to vaults in Frankfurt by 2020. That amount is worth $36 billion at current market prices. It represents about 19 percent of Germany's gold reserves.
Mike da Tigah Ft. New Richmond Member since Feb 2005 36725 posts Online
re: Germany is taking back it's Gold (Posted on 1/17/13 at 6:51 pm to junkfunky)
quote: I'm thinking it's just a result of current global economies and could push more countries to take similar actions. Nothing personal, just business.
China is buying up all the gold it can get its hands on.
RCDfan1950 LSU Fan United States Member since Feb 2007 6596 posts
re: Germany is taking back it's Gold (Posted on 1/17/13 at 7:35 pm to Mike da Tigah)
How many of yall who have gold, would be okay with the current Government holding it? Those Germans may have went off the rails back when...but they are smart folk.