| ◆ 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 - 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
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German Gold Holdings, 1999-2019 - Click to enlarge |
Prepare Now! Risk Of Contagion In Today’s Fragile Monetary World |
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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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