Germany Wants It's Gold From Fort Knox

Fort Knox

In January The Germany Central Bank made a announcement. It ask American and France to return it's gold. 743 tons of gold will be returned (Some already has) to the vaults in Frankfurt.

What's going on you ask?

Well it seems American and France have been holding Germany's gold for basically 3 reasons
1. - having it in American makes it easier to sell, pledge and easier to trade.
2. - Safety, it was safer to spread Germany's gold out during the cold war to protect it from the Soviets.

Now with the Cold war behind them it is no longer a concern. Germany feels safe enough to bring the gold home, this speaks loudly about Germany's changing relationship with Russia.

The 3rd reason
3. - After WWII Germany was forced to store it's gold overseas, this was an effort to ensure Germany would not disrupt world peace again.

America holds about 20 percent of Germany's gold or about 330 tons of it.

So what could this mean?
The first thing one can assume is that Germany will be somewhat more "bullish" towards France, See Germany is fighting for control of the European Central Bank against another group led by France. Germany has already started taking the gold from Paris vaults.

Why the change of mind about reason #3?
It seems now that American, Britain and France think they no longer need the insurance policy  to protect world peace. This could turn out to be a very big mistake.

Some things you might not know about Germany and the Mideast

Germany for years supported Turkey and Israel, conducting very few arms deals with Arab dictators but now that has really changed.
Germany have made some very large arms deals with many dictators in the middle east.
- Attack Submarines - 2 to Egypt
- Meko 200 Frigate - 2 to Algeria
- Eurofighter Typhoon - 72 to Saudi Arabia and 60 to United Arab Emirates
- Armored Carriers - 1,2000 to Algeria
- Leopard 2 tanks - 270 to Saudi Arabia (some say as many as 800) and 36 to Qatar

Germany Military Deployments -
4,400 Soldiers in Afghanistan
1,249 in Kosovo
2 patrol boats on Lebanese Coast
190 soldiers in Lebanon
2 Patriot Missile Batteries and up to 400 soldier in Turkey
plus more soldiers and personnel in Djibouti, Bosnia, Mali, Sudan, South Sudan, Uganda, Congo, Somalis, Uzbekistan and several more areas.


So this might make one question the release of all this gold and maybe rightfully so.

Keep your eyes open.

Thanks


[Source: The Philadelphia Trumpet]

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