The remonetization of gold

Like predicted, it is happening. Rumours have it, Germany is about to start repatriating ALL of its central bank gold, meaning in excess of 3000 tons. It will be quite interesting to see what happens to the suspected paper gold rehypothecation racket if this gold is currently lent out, or standing as security for some paper construction.

If this is true, the bell has been rang. The old monetary order is now dead. Welcome to the new world. Buy more gold, mmmkay? I suspect that it may be about to get very expensive…

About these ads
This entry was posted in Monetary Madness. Bookmark the permalink.

2 Responses to The remonetization of gold

  1. Benoit (the-freed-slave.blogspot.com) says:

    http://bourse.lefigaro.fr/devises-matieres-premieres/actu-conseils/l-allemagne-va-rapatrier-tout-son-or-entrepose-a-paris-344750

    You can translate it with Google translate. It seems that the info is confirmed in the French side. Germany is asking for its gold at the Bank of France.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s