Wednesday, January 23, 2013

HOT LINKS: Bundesbank Statement On German Gold



Photo: Obama Before & After - It's hard out there for a war criminal.
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Afternoon reading.  25 stories.
Bundesbank -- Official Statement On Germany's Gold Repatriation
How German Gold Storage Will Look In The Year 2020
The German central bank is planning a “phased relocation” of 300 tonnes (metric tons) of gold from New York to Frankfurt as well as an additional 374 tonnes from Paris to Frankfurt by 2020.  The reserves should end up looking like this:
  • Frankfurt (31%, currently) 50% by Dec. 31, 2020
  • New York (45%, currently) 37% by Dec. 31, 2020
  • London 13% no change
  • Paris (11%, currently) 0% by Dec. 31, 2020
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