germany recalls alll gold from U.S. and france

Kitco News 1/16/2013



Interestingly, the German central bank, the Bundesbank, on Wednesday said it is bringing back to Frankfurt a significant portion of its gold reserves that have been stored in New York City, and all of its reserves held in France. The move will be gradual. The Bundesbank downplayed the move and said it was not because the bank expects a worldwide crisis or because it wants to become more active in the gold market. No matter what the Bundesbank says, it’s obvious the move is because it has less confidence in the precious metal being stored outside German borders. I find it interesting that so many so-called investment advisors and experts do not advocate individual investors holding much gold, if any, as an investment asset. Yet, the central banks of the world hold massive amounts of gold, and many of them are presently in an accumulation phase.

yep accumulate metal good plan

Originally Posted by street_sweeper

...Yet, the central banks of the world hold massive amounts of gold, and many of them are presently in an accumulation phase...

if one central bank is buying gold then they all are. they are all controlled by the same people. only 3 countries left not under their control, Cuba, North Korea and Iran.
so it doesn't really matter where they store their gold. they will store it where-ever they believe it is safe.