The German daily Handelsblatt reported Tuesday that the Bundesbank, the nation’s central bank, will be withdrawing billions in gold held at the New York Federal Reserve, Bank of England and the Banque de France. The purpose is to deposit more of its … [Read more...]
Germany planning to repatriate gold from New York Fed, French central bank
January 15, 2013 By Leave a Comment
World Gold Council: Gold demand to rise in global transition to multi-currency reserve system
January 14, 2013 By Leave a Comment
In an Official Monetary and Financial Institutions Forum (OMFIF) report commissioned by the World Gold Council (WGC), it was projected that demand for gold would likely rise in 2013 as the world shifts toward a multi-currency reserve system due to … [Read more...]
Selling gold to deal with debt ceiling crisis being talked about
January 14, 2013 By 1 Comment
Since the idea of minting a $1 trillion platinum coin to evade the debt ceiling has been officially rejected, there has been another concept floating around to sell a portion of the Treasury’s 261.5 million ounces of gold in Fort Knox, Kentucky. With … [Read more...]
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