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The US Fed Has Stolen the German Bundesbank's Central Bank Gold Reserves


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Victory Trader's Avatar
 Victory Trader 
LA, California, USA
 
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The US Fed Still has not Disclosed What They've Done with Germany's Gold Reserves! Enough to make a prudent man wonder how many other foreign central banks may have had their custodial gold 'misplaced' by the Fed, eh?

Charleston Voice: Reasonable Person Conclusion: The US [AUTOLINK]Fed[/AUTOLINK] Has Stolen the German Bundesbank's [AUTOLINK]Central Bank[/AUTOLINK] Gold Reserves

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  #2 (permalink)
 
Victory Trader's Avatar
 Victory Trader 
LA, California, USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL,ES mainly
Posts: 520 since Sep 2011

A large portion of Germany's massive gold reserves are stored abroad, mainly in the Federal Reserve in New York. But are the bars really where they are supposed to be? A dispute has broken out over whether the central bank needs to check on its gold, or if Germany can trust its international partners.

Debate Breaks Out in Germany over Foreign Gold Reserves - SPIEGEL ONLINE

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Trust bankers? After the Mortgage-backed securities fraud, Foreclosuregate, Bernie Madoff, LIBOR? Is this a trick question?

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Last Updated on August 24, 2012


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