When nations like Germany begins not trusting the US, France for storing their physical gold you know confidence is at an all time low. This could in theory lead to nations all over the world calling in their IOUs in one form or another.
It’s not just that they have lost trust in the US and UK gold storage service. There’s also the small matter that the Cold War is over and West Germany no longer has to fear being over-run by Soviet troops, so they can store their own gold.
Even so, I agree, it’s not a great sign.
Viewing 1 reply thread
The forum ‘Other Subjects’ is closed to new topics and replies.
Everything you need to know about property in Spain
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.