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>> EUROPEAN CENTRAL BANK Latest News

JAN 26, 2013 - Business Insider

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Germany Is Delusional About The Effects Of Moving Its Gold

Germany’s gold is on the move. For the first time since official gold transactions became more transparent, the Bundesbank has given notice that a significant portion of its holdings will be transferred home from France and the United States. Ostensibly, this is just a matter of monetary housekeeping. But why now? One possibility is that German policymakers believe that we are approaching an every-country-for-itself scenario – and only gold guarded by one’s own police is worth anything. But this is more than far-fetched. The world in which financial trust breaks down ... Read More

Tags: Germany Is Delusional About The Effects Of Moving Its Gold,  European Central Bank Latest News