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GERMAN CALLS FOR GOLD REPATRIATION INTENSIFY AS FED REFUSES TO ALLOW INSPECTION
Calls for Germany to repatriate its 1,536 tons of gold reserves held at the New York Federal Reserve Bank
are intensifying as Der Spiegel reports the Federal Reserve has refused to allow German inspectors to even view
the country’s massive gold reserves “in the interest of security and of the control process“.
Of the 9 compartments supposedly storing German gold, German officials were finally allowed to briefly view a few bars
from a single compartment in 2011.
The German Federal Accountability Office has ruled that the Bundesbank must conduct an audit on German Central Bank
gold holdings, and in anticipation, has begun the repatriation of German gold from the NY Fed.
The Bundesbank will request the NY Fed ship 50 tonnes of German gold back to the motherland a year for the next 3 years!
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