Germany To Repatriate Gold: Irrational Or Logical Solution?
January 22, 2013 at 09:58 AM EST
It was recently announced that the German central bank was set to repatriate some of its gold reserves based on economic fears plaguing the eurozone. Though Germany has long been the diamond in the rough of this currency bloc, the fear of a widespread crisis has still managed to infect one of Europe’s strongest economies. Currently, Germany holds about 31% of its gold (3,400 tons) within domestic borders; it plans to up that figure to 50% by 2020 [for more gold news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: How Gold’s 13 Year Bull Train Could Continue Why Marc Faber Will Never Stop Buying Gold Merk Funds’ 2013 Gold Outlook Ending QE Could End Gold’s Bull Run A Brief, 2000 Year History Of Gold Prices