Bundesbank's gold repatriation is 'world historical,' Rickards says

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Published : January 25th, 2013
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Category : Central Banks

Having relocated from Russia Today to Yahoo Finance's "Daily Ticker" program, Lauren Lyster today interviewed fund manager and "Currency Wars" author James G. Rickards about the Bundesbank's attempt to repatriate some of Germany's gold, a move Rickards considers "world historical" in importance, confirming that gold is "the real base money, high-powered money." Rickards also expects that China this year or next will announce a tripling or quadrupling of its gold reserves after acquiring the metal surreptitiously. The interview is five minutes long and can be viewed at Yahoo Finance here:

http://finance.yahoo.com/blogs/daily-ticker/c...patriate-gol...

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