Posted 1 year ago on Jan. 17, 2013, 10:34 p.m. EST by Builder
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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.
But why is this happening?