Germany wants their gold back

[ensho]

http://www.atimes.com/atimes/Global_Economy/KE30Dj01.html



Gold sense in high places


Maybe the fact that central banks, banks and governments around the world are acting like monetary idiots explains why gold is shooting up in price; or maybe that it is going up in price explains why there is such a new interest in gold; or maybe it just explains why people are as disrespectful of the dollar, as am I.

-snip-

Even more telling, I think, is when he reported, "The Germans have demanded all of their gold held in custodial accounts inside the United States to be returned to German soil."

-snip-

Interestingly, he adds, "The Germans have also given counsel for Dubai to demand all of their gold held in custodial accounts inside London to be returned to Dubai, where a new gold trading center will spring up. In my view, THIS IS THE BIGGEST NEWS FOR GOLD THIS ENTIRE YEAR."
-snip-
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[JVS]

1. Hahahahaha! Yeah right. Like that's going to happen.

[phantom power]

2. Heh. I question whether we have it either...

I've heard rumors that if one actually audited Fort Knox, one would find about a trillion little sticky notes with IOU written on them.

[Joanne98]

3. Well that's interesting.