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Friday, January 18, 2013

Achtung! Germany wants its Gold back, Schnell!!

This week the German Central Bank (Bundesbank)  applied to repatriate its gold reserves from both the U.S. Federal Reserve Bank in New York and the French Central Bank in Paris.  (Think they know something we don't?)
Wonder if they trust their Central Bank counterparts.....hmmmm...

On another international note, Japan is doing whatever it takes to downgrade the Yen at this writing. (Yea another currency joins the race to the bottom)

 While you are contemplating that, here is an interesting Chart from Bloomberg detailing the price of gold in the year after U.S. Federal Elections.

  If you dont own gold, may be you should buy some now!
 ED



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