Sunday, October 28, 2012

German Politicians Questioning the Authenticity of the Bundesbank Gold Reserves Abroad

In a bizarre twist in the Eurozone crisis, German politicians are now questioning the authenticity of the Bundesbank gold reserves abroad. In response, the German government may initiate the largest 'cash for gold' deal ever seen...

This week the German Audit Court issued a report stating that the country's central bank must begin a major stocktaking exercise of its gold holdings around the world. According to the report, there has never been a thorough "assessment" to evaluate the true worth of the gold kept in the various central bank's around the globe.

Excerpt from Original Source

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