Oh oh! Where’s the money [gold] gone?
This post leads to a great series of comments, check it out.
The world is losing trust in the dollar as a safe haven. A major blow came after Germany’s Bundesbank demanded the repatriation of a big chunk of its gold being held in the US. Because as RT’s Gayane Chichakyan reports, some are concerned the assets of foreign nations in the Federal Reserve are not secure or even there. The Germans were infuriated when the US Federal reserve didn’t even let them examine their own assets properly. Peter Boehringer, the founder and chairman of ‘German Precious Metal Association’, says that’s a bad sign.