18 Jan 2013

Germany’s Gold Is Being Held Hostage! - James Turk

James Turk: It’s quite clear that the German gold is being held hostageThey are not getting what they want.  They are getting what the Federal Reserve is telling them they can have.  The fact that they are doing it over 7 years rather than 7 weeks, is just an indication that gold probably isn’t in the Federal Reserve, and the Federal Reserve doesn’t want to have to go out and buy it overnight to fulfill the German demand.  They are trying to stretch it out as long as possible in order to keep gold prices controlled.”
 


You can do what France did back in the 1960s.... “You send over a couple of ships and bring the gold back to your country that way.  When Charles de Gaulle asked for his gold out of the Federal Reserve, it didn’t take 7 years.  He got it right away.  But back then the gold was in the Federal Reserve because it wasn’t going out in the leasing and lending program that governments have been using in recent years in order to keep the gold price suppressed. Source/full story

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