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>> GOLD Latest News

JAN 27, 2013 - Zero Hedge

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Germany Fires a Warning Shot at the Fed

  Germany has the second largest Gold reserves in the world behind the US. Since the early ‘80s, it has stored the majority of these reserves with the NY Fed (45% vs. 13% in London, 11% in Paris and the remaining 31% in Frankfurt).   With that in mind, everyone needs to be aware that last Monday Germany’s Bundesbank announced it will be moving a major portion of its reserves from the US and all of its reserves from France back to Frankfurt.   Nearly half of Germany’s gold reserves are held in a vault at the Federal Reserve Bank of New York — billions of ... Read More

Tags: Germany Fires a Warning Shot at the Fed,  Gold Latest News