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Home>Central Banks>Germany to repatriate and audit 150 tons of Gold reserves from the FED

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Germany to repatriate and audit 150 tons of Gold reserves from the FED

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Charleston Voice

Knology

Published : November 02nd, 2012

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FOLLOW : Bundesbank Central Bank Germany Gold Gold Market Gold Reserves Hugo Chavez

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Category : Central Banks

In perhaps the biggest story in gold since Hugo Chavez sent shock-waves throughout the gold market in mid 2011 (and propelled gold up $300 to a record $1915), the German Federal Accountability Office has ruled that the Bundesbank must conduct an audit on German Central Bank gold holdings, and in anticipation, has begun the repatriation of German gold from the NY Fed.

The Bundesbank will request the NY Fed ship 50 tonnes of German gold back to the motherland a year for the next 3 years!

Data and Statistics for these countries : Germany | All

Gold and Silver Prices for these countries : Germany | All

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IMG Auteur

Charleston Voice 13 abonnés

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All the stuff you don't want to know about, but should. And, when you do know, you realize that for the present you are powerless to change it This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, send an e-mail to the author with 'SUBSCRIBE' in the subject line.

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