German Gold: my summary of the video: It is an interview on RT Germany with Peter Boehringer, economic publisher and board member of the German Society for Precious Metals dated January 21, 2015. What he is saying has not yet been officially confirmed by the Bundesbank or by the mainstream media, except, interestingly, the mainstream journalists are posting exactly the information he is giving on their own private blogs. The theme has been hushed up, denied and even vehemently attacked by the mainstream media till now. However due to successful international internet conversation and the repatriation of gold by 10 or 11 other countries and pressure from the German population itself this theme is being ever more publicly discussed. [5:51:54 PM] Anna Erik: Since last year, the Bundesbank has been recalling 120 tons of Gold from the NY Fed and Paris, officially because of pressure from the people. Inofficially it is because they need a new concept for its storage place (i.e. bringing it back to Germany). Physical possession of gold is as, if not more, important than the possession on paper or on books. Since 2010 Germany has been trying to save the Euro and has had to write off over 500 billion dollars worth. 2/3 of the German assets have no real worth so it is increasingly important to have physical gold to back up the currency. For 50 years the German gold has been sitting in NY and England for reasons that are now long obsolete and till recently the Bundesbank has done nothing. Starting in 2010 they started trying to get their gold back. The first small shipment came in 2013. Since then other countries have started repatriating their gold, often with more success than Germany. Belgium has gotten ALL their gold back. Switzerland, England, France (with some controversy) Austria, Poland, Italy and Mexico (among others) have started their recalls. The Bundesbank is afraid (which they wont admit) that the gold in the Fed has been loaned out to other owners so that there is very little in liquid form available. So there is a feeling and pressure to get the little that is available back to Germany before there is nothing left. https://youtube/watch?v=g8TcLBUhMFU
Posted on: Thu, 22 Jan 2015 23:23:22 +0000