Econintersect: The question of whether gold owned by Germany and presumably stored by the New York Federal Reserve Bank actually exists is a recurring one. The latest report on the subject was presented Monday (07 July 2014) by RT.com. Two weeks ago Bloomberg reported that Germany had decided not to proceed to with plans to move all of its gold stored in London and New York back home by 2020. Conspiracy theorists have suggested that Germany can’t move its gold home from New York because there is no gold (or, at least a lot less than on the books) there.
Video after the Read more >> jump.
Is all the gold German has stored in the U.S. safe? German government officials thinks so. Some others are suggesting that is not the case.
Hat tip to Rob Carter.
Sources:
- Germany missing 45% of its gold ‘stored in US’ (RT.com, YouTube, 07 July 2014)
- German Gold Stays in New York in Rebuff to Euro Doubters (Brigit Jennen, Bloomberg, 23 June 2014)
