Joseph P Farrell – Did Germany’s Bundesbank just start playing hard ball with its gold repatriation issue?
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Here’s the (short but highly suggestive) article:
Germany made a 2,300-page list detailing every single bar of gold it owns
Portia Crowe – Germany has counted its gold bars.
Germans have been wondering for years about the country’s gold holdings abroad.
Now the Bundesbank has given them answers.
On Wednesday, the German central bank released a full list of every single one of its gold bars, held in Germany, England, France, and New York.
You can read the 2,300-page tally, listed bar by bar, here. The list was first reported by Bloomberg’s Lorcan Kelly.
Why would the Bundesbank go to the trouble of compiling such a list?
Back in 2012, federal auditors in Germany asked the central bank to take stock of all of its physical gold held outside the country. The bank refused, sparking questions about the existence of the gold.
As Bloomberg reports, a whole “Repatriate our gold” movement sprung up in Germany. And in 2013, the Bundesbank actually did begin repatriating gold from vaults in the US and France.
The report shows that one-third of its reserve is now held in Germany at the Bundesbank in Frankfurt.
The Bundesbank said it will update the report annually, and that it plans to hold half of its reserves in-house by 2020.
Until then, we know where to find it. Source
SF Source Joseph Farrell
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