German Gold: Ron Paul Was RightSubmitted by SeamusL on Wed, 01/16/2013 - 02:44
Yesterday, Germany, Europe’s financial leader and owner of the world’s second-largest gold stockpile, demanded the United States’ Federal Reserve return over $200billion dollars’ worth of gold reserves to the German central bank.
This rush for commodities, gold and precious metals in particular, are an indicator of a global loss of confidence in American fiat money, even despite its status as the world reserve currency.
Public figures such as Ron Paul have correctly stated that people naturally move towards commodities such as gold and silver when confidence in a currency is lost; and Germany is no exception. But why is this happening?