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:
PRESSENOTIZ16.01.2013
Neues Lagerstellenkonzept der Deutschen Bundesbank für die deutschen Goldreserven
| 31.12.2012 | 31.12.2020 | |
|---|---|---|
| Frankfurt am Main | 31 % | 50 % |
| New York | 45 % | 37 % |
| London | 13 % | 13 % |
| Paris | 11 % | 0 % |
I do accept as true with all the ideas you’ve offered in your post. They are very convincing and can definitely work. Still, the posts are too quick for newbies. May just you please prolong them a bit from next time? Thanks for the post.