Germany Wants Its Gold Back!
Today’s Daily Telegraph reported that there is a movement in Germany to get back its gold amounting to 1,200 tonnes, held earmarked at the NY Fed. The Bundesbank denied it, expressing complete confidence in the Americans.
Well, they would, wouldn’t they.
The article quotes two politicians who had been pushing for this and/or audits/inspections before Trump was even elected. At its face, the article is therefore speculative. But it was unlikely to be published unless there was more to it than at first appears. We should read between the lines.
Politicians and the Bundesbank as custodian for Germany’s gold are bound to be concerned. But the Bundesbank is in a difficult position. It had problems with the Americans over repatriating just 300 tonnes, first announced in 2013 and not completed until 2017. Apparently, the bar numbers didn’t match Bundesbank records, and B
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
