Friday, February 01, 2013

Germany Repatriates, Why Cant Germany Get Their Gold Back? David Morgan


2-01-2013  
Germany Repatriates, Why Cant Germany Get Their Gold Back? David Morgan




Silver-Investor.com: When David Morgan Speaks I listen.   Lately in the Precious Metals Market the headlines are many about Germany and why they are taking their Gold back to store at home.  & Why is it going to take 7 years?  Speculation that maybe the Gold is not available and is being used in the Leasing Ponzi scheme. Or in other words Germany's Gold is Rehypothecated, (The practice by banks and brokers of using, for their own purposes, assets that have been posted as collateral by their clients. Clients who permit rehypothecation of their collateral may be compensated either through a lower cost of borrowing or a rebate on fees)
there maybe many other parties involved that have rights to that Gold at the moment and Germany has to wait for the contracts to expire before they can make 100% claim to their Gold.

David Morgan states that this is a huge story and could be the part of the Currency Wars being Perpetuated between major Central Banks around the world.  A statement that he says maybe he doesn't want to get ahead of himself with too much speculation but why is this occurring and we should all be paying attention because it could get ugly.

http://richesinresources.com/
http://twitter.com/silverguru22
http://Silver123.net
http://TheMorganReport.com

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Record withdrawals at U.S. banks as Americans lose trust in financial system « SGTreport

People are waking up and have started to rethink this huge Debt Crisis and are giving up on Govt leaders not doing anything about it. "not that they can!"



Rusty

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