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In German newspaper, Bundesbank makes lame excuses for slow repatriation of gold

Section: Daily Dispatches

11:44a PT Sunday, January 19, 2014

Dear Friend of GATA and Gold:

The German newspaper The World on Sunday today provides the Bundesbank's excuses for being so slow to repatriate the gold it supposedly has vaulted at the Federal Reserve Bank of New York --

http://www.welt.de/wirtschaft/article123988843/Die-ganze-Wahrheit-ueber-...

-- and Zero Hedge promptly tears those excuses to shreds, noting that the current repatriation episode would not be the first time the U.S. government has sought to deceive Germany about its gold:

http://www.zerohedge.com/news/2014-01-19/germany-has-recovered-paltry-5-...

What is most notable here is that the gold issue has begun seriously troubling the German political establishment and is breaking into the mainstream financial news media, thanks to the determined clamor of gold's friends in Germany. Maybe someday soon the issue will break into the mainstream financial news media in other Western countries.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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