Tuesday, January 15, 2013

GERMANY BRINGS GOLD HOME

(http://www.gods-kingdom-ministries.net/daily-weblogs/2013/01-2013/germany-bringing-home-their-gold/Updated: 3:58 p.m.) By JUERGEN BAETZ BERLIN --Germany's central bank will repatriate some of its massive gold reserves stored in vaults in the United States and in France, a business daily reported Tuesday. The Bundesbank's overall reserves of 3,400 tons are worth about $200 billion at current market rates. The central bank now plans to bring back to Germany some of the 1,500 tons of gold stored in the vaults of the Federal Reserve in New York, and all of the 450 tons currently stashed with the Bank of France in Paris, according to Handelsbl. "The German government no longer trusts the Federal Reserve in light of the shipment of gold-plated tungsten to China a few years ago and many rumors about the Fed counterfeiting gold. Part of the problem also is that the central banks lease out a lot of the gold which they claim to have. Earlier this year Nicaragua took back all of its gold from London. Now Germany wants France to send all of their gold being stored in Paris, along with 50 tons per year for the next three years from the Fed and another big chunk from London. I suspect that the. "

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