Wednesday, January 16, 2013

Hmmm: "Germany's central bank is to bring back home some $36 billion worth of gold stored in the United States and France"

NYTIMES: Germany's central bank is to bring back home some $36 billion worth of gold stored in the United States and France.
Hmmm...

Germans don't want THEIR gold stored in foreign nations with very shaky finances.
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2 comments:

  1. northern seer7:47 AM

    better safe than sorry...maybe they want to be prepared for a currrency crisis - maybe dollar or euro collapse

    ReplyDelete
  2. Pastorius8:48 AM

    Perhaps I'm not understanding this correctly.

    Why can't they just store their own Gold? Germany is not shaky, or not relative to the rest of the world, anyway.

    ReplyDelete