European nations are moving their gold back home at an increasing rate. This article from Peter Schiff’s website makes some interesting observations about this trend.
Two interesting implications:
- There has been much speculation that the New York Fed doesn’t actually have the gold in their vault—that it has been lent out, sold, or otherwise dispose of. If it is true, as this article claims, that the Fed denied Germany’s request for a physical audit, then this does raise questions.
- From a spiritual perspective, physical gold is a focus of spiritual light and power. The movement of these quantities of gold around the world does represent a shift of global energy. In addition to the gold moving across the Atlantic, gold is also accumulating in the East.
See below for the link to the article.
Germany ramped up its gold repatriation project last year, joining other European nations bringing gold home. The trend underscores the importance of holding physical gold within easy access. Germany’s Bundesbank transferred more than 210 tons of gold back into the […]
Source: Europe Continued Gold Repatriation at Faster Rate in 2015 – Peter Schiff’s Gold News