Showing posts with label Bundesbank. Show all posts
Showing posts with label Bundesbank. Show all posts

Monday, January 19, 2015

Germany's Bundesbank Resumes Gold Repatriation; Transfers 120 Tonnes Of Physical Gold From Paris And NY Fed

It is coincidental that as soon as Ukraine grudgingly surrendered its sovereign gold that somehow the US Treasury was able to ship repatriated gold back to Germany (without serial numbers, of course).

http://www.zerohedge.com/news/2015-01-19/bundesbank-resumes-gold-repatriation-transfers-120-tonnes-physical-gold-paris-and-ny

Germany repatriates more gold: Bundesbank

As often is the case, the comments in this article are as interesting as the article itself.  At least the mainstream media is picking up on the meme that countries are repatriating their sovereign gold, even if the details or logic are misguided.

http://finance.yahoo.com/news/germany-repatriates-more-gold-bundesbank-100251153.html

Saturday, July 6, 2013

Bundesbank Warns China's Currency "On Its Way To Becoming Global Reserve Currency"

Folks, myself and the blogosphere have been warning of this imminent shift in reserve currencies.  The cat is now out of the bag.  The USDollar will lose its global reserve currency status.  The loss may not be complete--it may share that privileged status with other currencies.  But it is inevitable.

Be prepared for much higher import and domestic prices--on everything.  The outcome may not be immediate, as the USDollar may continue to temporarily strengthen as geopolitical fires emerge in other parts of the world.  But the dollar's safe haven status will eventually be challenged as the rest of the world wakes up to its debasement.  Counterfeiting--even if "legalized" or institutionalized, will have market consequences, intended or otherwise.

http://www.zerohedge.com/news/2013-07-06/bundesbank-warns-chinas-currency-its-way-becoming-global-reserve-currency

Sunday, October 28, 2012

Some Follow-Up Questions For The Bundesbank, And Its Gold

This author de-bunks the lies emanating from the Bundesbank in its claim that the New York Fed and London can be trusted as custodians of Germany's gold reserves.

http://www.zerohedge.com/news/2012-10-28/some-follow-questions-bundesbank-and-its-gold

Bundesbank Says NY Fed to Help Meet Gold Audit Request

The New York Fed offering to audit the Bundesbank's gold reserves vaulted in New York is like the wolf guarding the hen house.

http://www.businessweek.com/news/2012-10-25/new-york-fed-to-help-bundesbank-meet-gold-audit-requirements