German Gold Stays in New York in Rebuff to Euro Doubters
By GCRU Gold News on Monday, June 23 2014, 22:51 - Permalink
Germany has decided its gold is safe in American hands.
Surging mistrust of the euro during Europe’s debt crisis fed a campaign to bring Germany’s entire $141 billion gold reserve home from New York and London. Now, after politics shifted in Chancellor Angela Merkel’s coalition, the government has concluded that stashing half its bullion abroad is prudent after all.
--- Interesting comments by Peter Boehringer below the story....