Jacob G. Hornberger: Germany’s repatriation of gold

  Germany has announced that it’s going to repatriate 374 metric tons of its gold that it has stored with the Federal Reserve in New York City. While Germany claims that it will continue leave 1200 tons of gold in the United States, this might actually be the start of a full removal of its gold and its return to Germany. In fact, Germany also announced a full repatriation of all 374 metric tons of its gold from France.

  Why would Germany do that? It says that the reason is so that it can have plenty of gold reserves available at home in the event of a monetary crisis. The gold would enable Germany to purchase foreign currencies or, actually, most anything else, in the event of a crisis, reflecting, once again, that gold is real money.