[ctrl] First Shots Are Fired in Global 'Currency War' / We're In The Midst Of A Global Currency Regime Change
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[TheFinePrint] First Shots Are Fired in Global 'Currency War' / We're In The Midst Of A Global Currency Regime Change
The move marks an extraodinary breakdown in trust between leading central banks and has set off ferment among gold enthusiasts, with some comparing it with France’s withdrawal of gold from the US under President Charles de Gaulle as the Bretton Woods currency system crumbled in the late 1960s. Handelsblatt said the Bundesbank will announce on Wednesday that it intends to relocate the gold to vaults in Frankfurt, said by insiders to include parts of the old archive library. Germany has 3,396 tons of gold worth roughly £115bn, the world’s second-largest holding after the US. Most of the reserves were stored abroad for safety during the Cold War. The bank holds an estimated 45pc of its gold at the US Federal Reserve in New York, and 11pc at the Banque de France, lower than originally thought.
First Shots Are Fired in Global 'Currency War'
We're In The Midst Of A Global Currency Regime Change
GERMAN GOLD REPATRIATION IS THE MOST SIGNIFICANT GOLD EVENT IN 50 YEARS, BEGINNING OF THE END OF THE US DOLLAR AS RESERVE CURRENCY