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Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar

 

◆ The End Of Fiat In One Chart?

◆ For the first time in 21 years, Germany has openly bought gold into its reserve holdings

◆ With ECB mutiny and Deutsche Bank’s rapid demise, fears are rising of a looming financial crisis, and with that, Germany has shown a renewed interest in gold

German Gold Holdings MoM, 1999-2019

German Gold Holdings MoM, 1999-2019

- Click to enlarge

◆ Which came after Germany’s stunning announcement in January 2013 that the Bundesbank would repatriate 674 tons of gold from the NY Fed and the French Central Bank

Now that the always conservative Germans are back in the market buying gold, one wonders if the end of fiat is drawing closer

 

German Gold Holdings, 1999-2019

German Gold Holdings, 1999-2019

- Click to enlarge

Prepare Now! Risk Of Contagion In Today’s Fragile Monetary World

 

Full story here
Mark O'Byrne
I founded GoldCore more than 10 years ago and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is both wise and prudent.
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