Big news folks:
Deutsche Bundesbank wants to bring it`s Gold home, at least a large portion of it.
When Gold hit 1900$/oz in 2011 it might only be a co-incidence, but it was during the time when Venezuela repatriated it`s 11 Billion $ in Gold Reserves. Now imagine what could happen, if 120Billion are repatriated.
Here is the german official News-Release:
Neues Lagerstellenkonzept der Deutschen Bundesbank für die deutschen Goldreserven
|Frankfurt am Main||31 %||50 %|
|New York||45 %||37 %|
|London||13 %||13 %|
|Paris||11 %||0 %|