muses of the moment

October 23, 2012

Germany’s calling, they want their gold back!

Filed under: Gold and Silver Investing, Precious metals, The Banking Crisis, The Federal Reserve — totallygroovygirlfriday @ 11:13 am

This should be interesting. Click here.

There was some talk about this before the Euro Crisis became front and center and now they are talking about it again. One of two things will happen: Germany will demand their gold, not get it, and the world will know the real gold story. Or this will be quietly swept under the rug and Germany will get even more unlimited money from the NYFed/Fed for their bailout of Europe.

But gg thought gold was not money?

Regardless of the outcome, this is a test of confidence in trust in the NYFed’s vault, US as a financial leader, and the US Dollar. It is one thing for Venezuela to ask for their gold, it is another for the only legit creditor in Europe to ask for theirs back.

1 Comment »

  1. Gold is money but not money in circulation.

    Comment by Guy de Simon — October 24, 2012 @ 6:51 am

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