Gad, could Germany be thinking of pulling out of the Euro-union? I ask this because of an article I noticed in the January 17 Financial Times. The article stated that Germany's central bank (Bundesbank) is planning to ship 54,000 gold bars worth 27 billion pounds from Paris and from New York back to its base in Frankfurt, Germany. This will be one of the biggest publicly announced shipment of the precious metal on record."
And I wondered if Germany is tired of financing the other frivolous members of the Eurozone. And could Germany be disgusted with the rest of Europe and wants out of the Eurozone? If so, wouldn't it make sense for Germany to play it safe and call in its gold reserves back to Germany? So we'll keep a sharp eye on Germany and the euro.
Here's another thought. GDXJ is the ETF which represents the junior gold mining stocks. This ... Log in or subscribe to continue reading.
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