Bundesbank Makes Official Announcement, Will Repatriate 1/2 of Germany’s Gold Reserves

big resetIt’s official.  The Bundesbank has just invoked pure holy terror among the bullion banking cartel.  The Bundesbank will officially begin repatriating 1/2 of Germany’s gold reserves.  The real question is why now? What has changed over the past 3 months?  Is Germany preparing to leave the Euro and introduce a gold-backed Deutsche Mark?

By 2020, the Bundesbank intends to store half of Germany’s gold reserves in its own vaults in Germany. The other half will remain in storage at its partner central banks in New York and London. With this new storage plan, the Bundesbank is focusing on the two primary functions of the gold reserves: to build trust and confidence domestically, and the ability to exchange gold for foreign currencies at gold trading centres abroad within a short space of time. The withdrawal of the reserves from the storage location in Paris reflects the change in the framework conditions since the introduction of the euro. Given that France, like Germany, also has the euro as its national currency, the Bundesbank is no longer dependent on Paris as a financial centre in which to exchange gold for an international reserve currency should the need arise. As capacity has now become available in the Bundesbank’s own vaults in Germany, the gold stocks can now be relocated from Paris to Frankfurt.

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