Deutsche Bank’s Modest Proposal To Central Banks: “Purchase The Gold Held By Private Households”
Submitted by Tyler Durden on 11/24/2014 – 15:19
“… the idea of gold purchases has merit because of the possible sellers. Much gold is held in private households, especially in countries like Germany. In some cases these are unwanted remnants of crisis-driven investments five years ago. A program that targeted these holdings would liberate dormant liquidity, some of which might even flow into consumption.”