Loading ...And the currency wars intensify…
“It is important to note that there remain doubts as to the integrity of the gold holdings of the U.S. and concerns that other countries national gold reserves could be encumbered, loaned or sold in the market. Indeed, the Bundesbank is having grave difficulty in having its gold reserves returned from the Federal Reserve in New York.“
“So far in 2014, Russia has now bought substantially more than their entire annual gold production of nearly 1,500,000 ounces.“