The Fed won’t let Germany inspect its own gold

The National Security Agency isn’t the only American organization upsetting some Germans. The US Federal Reserve holds 45 percent of Germany’s gold assets, and a plan to bring much of that back to its homeland is in jeopardy. Efforts to transport or even audit the billions of dollars worth of precious metal held by the US are being impeded by politics and the Fed itself, creating frustration for many of the plans supporters. RT’s Peter Oliver reports from Berlin on what is holding up the process.

The Fed won’t let Germany inspect its own gold

The National Security Agency isn’t the only American organization upsetting some Germans. The US Federal Reserve holds 45 percent of Germany’s gold assets, and a plan to bring much of that back to its homeland is in jeopardy. Efforts to transport or even audit the billions of dollars worth of precious metal held by the US are being impeded by politics and the Fed itself, creating frustration for many of the plans supporters. RT’s Peter Oliver reports from Berlin on what is holding up the process.

[youtube height=”326″ width=”580″]http://www.youtube.com/watch?v=THLdp6gO284[/youtube]
Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Prev
How the Price of Gold is Fixed

How the Price of Gold is Fixed

The World Gold Council is meeting today to try and come up with a new way of

Next
Tanks, weapon arsenals, ballistic missiles and nuclear material seized by ISIS

Tanks, weapon arsenals, ballistic missiles and nuclear material seized by ISIS

Tanks, weapon arsenals, ballistic missiles and now, nuclear material have been

You May Also Like