It Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings
So yesterday: Germany... today: Ecuador... tomorrow: the World? Because while Ecuador, with its 26.3 tonnes of gold, may be small in the grand scheme of gold things, all it takes is for more and more banks to join the bandwagon and demand delivery in kind from official repositories (i.e., New York and London), and the myth that is the overcollateralization of hard money by central banks will promptly come to an abrupt, bitter and, likely, quite violent end. Der Spiegel: German Politicians Demand to See Gold in US Federal Reserve...