Tuesday, February 14, 2017

Gold Move Hints To Dexit? (Deutschland Exit)

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German Gold Move Hint To Dexit?
Does Merkel see the writing on the wall?
The news that the Bundesbank is repatriating its gold reserves three years ahead of schedule has led to talk of an exit from the euro (NYSEARCA:FXE). Germany has already moved 583 tons of gold (NYSEARCA:GLD). This could be a sign that Germany is intending to use the gold to back the printing of Deutsche marks. If so it means they are preparing for the fall of the euro.
Germany abandoned a policy of fixed exchange rates in the 1970s.
The rush to repatriate mounds of gold could mean Germany is preparing for the fall of the EU and the reestablishment of its own currency.
ECB Driven Inflation Bothering Germany
The ECB maintaining its bond buying is causing a mini-inflation spike in Germany.

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