Germany to bring home gold stored in U.S.

Return To Article
Add a comment
  • My2Cents Taylorsville, UT
    Jan. 17, 2013 6:34 a.m.

    I am surprised at the lack of reporting the devastation this will have on the banking practices of these banks holding these assets they use as collateral in high level lending and bank transactions. Losing tangible assets for a bank is like making them get some dentures.

    Just as savings and checking accounts can be used as asset collateral so is this tons of gold in bank vault storage. It could even impact the US Federal reserve departments basis of assets and spending. Since the US budgeting and finance is debt based, who will be the new sugar daddy for Obama? Of course, how could we forget the taxpayers to supplement 16-18 trillion dollars of debt?