Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, The Euro And Dollar
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Source: Bloomberg
◆ The End Of Fiat In One Chart?
◆ For the first time in 21 years, Germany has openly bought gold into its reserve holdings
◆ With ECB mutiny and Deutsche Bank’s rapid demise, fears are rising of a looming financial crisis, and with that, Germany has shown a renewed interest in gold
◆ Which came after Germany’s stunning announcement in January 2013 that the Bundesbank would repatriate 674 tons of gold from the NY Fed and the French Central Bank
◆ Now that the always conservative Germans are back in the market buying gold, one wonders if the end of fiat is drawing closer
The End Of Fiat In One Chart? via ZeroHedge.com
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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth.
