Gold coming back to Europe

fot. iprole/sxc.hu

What is going on with this crisis? It has ended or not? Or maybe we are somewhere in the middle and soon a new wave of growth will return? There are many who think so, but it seems that there is still not much trust on the market.

There are more and more signals that many states want to reclaim their control over the gold reserves stored almost 80 feet underground 33 Liberty in NY.


Firstly ZeroHedge had informed about the actions of the German government and soon after that another news that also Switzerland declared that they want to reclaim their gold reserves. The initiative came from four members of local parliament who proposed that:

1) Swiss gold will remain phisically in Switzerland,
2) SNB (Swiss National Bank) will be forbidden to sell its gold reserves,
3) their central bank will be obliged to have at least 20% of their commodities in gold,

It seems that more and more governments are going to take actions taken earlier by Hugo Chavez who orderd to take all Venezuelian gold back to the country.