
Huh?
Germans demand bullion back after Federal Reserve refuses to let them view their own gold
Marc Howe
Mining.com, 1 November 2012
A secret report by Germany's Federal Audit Office leaked to the public last week states that the Federal Reserve Bank of New York refuses to allow Bundebank staff to even view the gold, triggerin suspicions that the vaults are empty as well as calls for the gold to be shipped back to Berlin.
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The leaked report has now led to calls from some of Germany's leading politicians for the nation's stateside gold hoard to be shipped back to Berlin. Heinz-Peter Haustein of the pro-business Free Democratic Party (FDP) was quoted by German newspapers as saying that “all the gold has to be shipped back.”
Bundesbank board member Carl-Ludwig Thiele has urged calm, however, referring to some of the debate surrounding the gold to be “rather grotesque” and stating that the hoard is in the care of “highly respected central bankers” as opposed to “dubious business partners.” Read full article.
Related Article: Name The New Reserve Currency: China Imports More Gold In 2012 Than All ECB Holdings
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