Question: Is the German Gold really in New York?

It’s Official – German Gold is Staying in New York at The Federal Reserve

t’s Official!
Germany has decided its gold is safe in American hands.
The Americans are taking good care of our gold... Objectively, there’s absolutely no reason for mistrust.

Absolutely no reason for mistrust, or absolutely no gold left to repatriate?  
We’ll let our readers come to their own conclusions. 

Submitted by Michael Krieger, Liberty Blitzkrieg:

Just last week, I published a post titled, Video of the Day – “End the Fed” Rallies are Exploding Throughout Germany, which subsequently went viral. Interestingly, only a few days later we find out that Germany’s very own criminal political class has decided it will continue to store the nation’s gold in New York rather than bring it back home as had been the intention. It’s quite ironic that just as protests against the fascist Federal Reserve are spreading throughout the land, the political class officially decides to keep Germany’s treasure across the Atlantic, in care of none other than The Fed itself.

To be fair, this merely seems like a way for Angela Merkel and the rest of her German cronies to save face.   After all, it was very clear that the Federal Reserve had already told them “no” when they asked for the gold back in the first place.   Why else would it take almost a decade to transport the gold from the U.S. to Germany, which was the latest repatriation schedule?

We learn from Bloomberg that:

 

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.

The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust.”

Ending talk of repatriating the world’s second-biggest gold reserves removes a potential irritant in U.S.-German relations. It’s also a rebuff to critics including the anti-euro Alternative for Germany party, which says all the gold should return to Frankfurt so it can’t be impounded to blackmail Germany into keeping the currency union together.

 

http://www.silverdoctors.com/its-official-german-gold-is-staying-in-new-york-at-the-federal-reserve/

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