Nothing to see here - move along.
Germany wants their gold holdings repatriated to home soil. They have asked the French to return ALL of their gold stored in France, at a rate of 50 tonnes per year until all 374 metric tonnes are received.
The French have just commenced military operations in Mali. Mali is Africa's third largest gold producer. Mali, this past year, increased its gold production by just over 50 metric tonnes.
Obama has offered logistical and other support for the French bombing of Mali from Algeria.
Several foreign oil workers have just been kidnapped by Algerian Islamic Extremists, 7 of them are reportedly Americans.
Is anyone else seeing the connections here?
I'm willing to bet that France does not have Germany's gold and the Bundesbank has given them a few years to mine it from Mali. Yet the Mali source must be secure, hence the military must make sure the gold flows.
The Germans have also requested the Fed return 300 tonnes of stored German Gold.
A tiny fraction of the supposed 8,000 tonnes of US Gold Reserves.
But the Fed are going to take 7 years to repatriate this tiny proportion of Gold holdings back to Germany.
Why is it going to take them so long?
How much gold is actually stored in Fed vaults?
How much of it might be gold plated tungsten?
Stupidly the Germans say they are are not going to assay the repatriated gold.
http://www.zerohedge.com/news/2013-01-16/it-will-take-fed-seven-years-deliver-300-tons-german-gold
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