Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar
- Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar
◆ 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