Monday, December 30, 2013

Where is the gold?

In Jan 2012, Germany announced it planned to repatriate 700 tons of gold held on their behalf (for free . . . how nice of them) from the US Federal Reserve and the Central Bank of France.  They were shockingly told it would take 8 years.  So far, they have received only 37 tons.  In the mean time, China has imported 2,000 tons of gold.