Germany, in my lifetime, has always stored its gold bullion offshore. In the New York Federal Reserve Bank and also in France's. Now they want to do a repatriation. They want to have an inventory taken, an assessment made, and "transparency" in a reporting of the entire process. And then they want it all shipped back to Germany. Portugal has been making the same noises.
Now, what does this mean? Anything? What does the mind conjure up? Will this become a trend for the rest of the world? America holds most of the known gold reserves of the world.
