. . . from the World Gold Council report (Gold Demand Trends for 2013) issued early this morning.
Hidden away in the middle of the report was an interesting observation--that Germany was the only European country in which investment demand for gold increased over 2012. I suppose all the other Europeans are happy with their euros.
I wonder if it is coincidental that the Bundesbank is the only European central bank to ask for its gold back from the US?
Hidden away in the middle of the report was an interesting observation--that Germany was the only European country in which investment demand for gold increased over 2012. I suppose all the other Europeans are happy with their euros.
I wonder if it is coincidental that the Bundesbank is the only European central bank to ask for its gold back from the US?
And the Bundesbank isn't getting any of their gold back either.
ReplyDeleteSome lame story about how the German gold in NY is in non-standard form and needs to be remelted to London Good Delivery, and apparently you have to wait years to get that done.
The Fed should just mail Germany their IOUs from JP Morgan - those are just as good as physical gold bars, aren't they?
Seems everyone else in Europe thinks so.
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