Intraday Market Thoughts

Bundesbank Gold Move is Merkel's Election Grab

by Ashraf Laidi
Jan 16, 2013 17:36

news of the Bundesbank planning to repatriate parts of its gold reserves held in New York and Paris is triggering all sorts of gloomy interpretations regarding the global monetary system. The parallels with France's 1930 and 1967 decisions to cash in its gold reserves from the UK and US respectively -- as a result of unsustainable external positions in both countries are considerable. But dont understimate Merkel's role in this. For more Click here: 


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