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IPFS News Link • Gold and Silver

The Real Reason Germany Is Demanding That The U.S. Return Its Gold

 Why Is Germany Demanding 300 Tons of Gold from the U.S. and 374 Tons from France?

The German’s are demanding that the U.S. return all of the 374 tons of gold held by the Bank of France, and 300 tons of the 1500 tons of bullion held by the New York Federal Reserve.

Some say that Germany is only demanding repatriation of its gold due to internal political pressures, and that no other countries will do so.

But Pimco co-CEO El Erian says:
In the first instance, it could translate into pressures on other countries to also repatriate part of their gold holdings.

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