{"id":13838257883,"date":"2012-03-09T04:56:11","date_gmt":"2012-03-09T04:56:11","guid":{"rendered":"http:\/\/lonestarbullion.com\/blog\/?p=13838257883"},"modified":"2018-03-15T04:45:46","modified_gmt":"2018-03-15T04:45:46","slug":"germany-and-switzerland-demand-the-return-of-their-gold","status":"publish","type":"post","link":"http:\/\/lonestarbullion.com\/blog\/2012\/03\/germany-and-switzerland-demand-the-return-of-their-gold\/","title":{"rendered":"Germany and Switzerland Demand the Return of their Gold!"},"content":{"rendered":"

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This week saw two huge developments in the gold and silver world.\u00a0 Earlier in the week Germany request that its 3,396.3 tons of gold be transferred from being held abroad to local storage.\u00a0 Germany right now is one of the top 4 holders of gold as a reserve in the world.<\/p>\n

Merely days later Switzerland also announced that they were seriously considering moving their 2,590 tons of gold that are currently being held abroad back to Switzerland.\u00a0 In fact, the Swiss parliament will be considering three different initiatives.\u00a0 First, the government would require that all Swiss gold must be held in Switzerland.\u00a0 Second, the government would be prohibited from selling any of the Swiss gold reserves.\u00a0 Third, the government would be required to always keep 20% of all the country\u2019s reserves in gold.\u00a0 Switzerland currently is the worlds fourth larger holder of gold reserves.<\/p>\n

Both of these steps are huge in the international community.\u00a0 In the past, most countries have never physically held their gold.\u00a0 Why?\u00a0 Most countries never saw a need to do it.\u00a0 As long as the global economy was perceived to be stable there was no reason for the gold to be held domestically.\u00a0 The fact that two of the top four gold holders are now deciding or considering moving their gold back to their own countries show that both countries are losing confidence in the stability of the global economy and recognized the need to have their reserves at home.<\/p>\n

Both of these statements from the Swiss and Germans comes only months after Venezuela chose to have their 100 tons of gold returned to Venezuela from England.\u00a0 As the financial system continues to deteriorate don\u2019t be surprised if we see more and more countries determine to hold their gold domestically.<\/p>\n","protected":false},"excerpt":{"rendered":"

This week saw two huge developments in the gold and silver world.\u00a0 Earlier in the week Germany request that its 3,396.3 tons of gold be transferred from being held abroad to local storage.\u00a0 Germany right now is one of the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[113,9,8,1],"tags":[183],"class_list":["post-13838257883","post","type-post","status-publish","format-standard","hentry","category-economic-news","category-precious-metals","category-regular","category-uncategorized","tag-germany-and-switzerland-demand-the-return-of-their-gold"],"_links":{"self":[{"href":"http:\/\/lonestarbullion.com\/blog\/wp-json\/wp\/v2\/posts\/13838257883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lonestarbullion.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lonestarbullion.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lonestarbullion.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/lonestarbullion.com\/blog\/wp-json\/wp\/v2\/comments?post=13838257883"}],"version-history":[{"count":4,"href":"http:\/\/lonestarbullion.com\/blog\/wp-json\/wp\/v2\/posts\/13838257883\/revisions"}],"predecessor-version":[{"id":13838257887,"href":"http:\/\/lonestarbullion.com\/blog\/wp-json\/wp\/v2\/posts\/13838257883\/revisions\/13838257887"}],"wp:attachment":[{"href":"http:\/\/lonestarbullion.com\/blog\/wp-json\/wp\/v2\/media?parent=13838257883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lonestarbullion.com\/blog\/wp-json\/wp\/v2\/categories?post=13838257883"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lonestarbullion.com\/blog\/wp-json\/wp\/v2\/tags?post=13838257883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}