GERMANY ANNOUNCES INTENTIONS TO REPATRIATE ITS GOLD FROM NY FED!!!
OCTOBER 22, 2012
In perhaps the biggest story in gold since Hugo Chavez sent shockwaves throughout the gold market in mid 2011 (and propelled gold up $300 to a record $1915), the German Constitutional Court has ruled that the Bundesbank must conduct an audit on German Central Bank gold holdings, and in anticipation, has begun the repatriation of German gold from the NY Fed. The Bundesbank will request the NY Fed ship 50 tones of German gold back to the motherland a year for the next 3 years!
Assuming the NY Fed complies with the Bundesbank’s request, we wish the cartel luck in finding 150 tons of TUNGSTEN FREE PHYZZ over the next 3 years as the Bundesbank reportedly will PHYSICALLY VERIFY THE GOLD.