Josh Sigurdson talks with author and economic analyst John Sneisen about Germany’s hoarding of gold. In the past 2 years alone, Germany has repatriated 410 tonnes of gold. Russia and China have also been hoarding gold as the west has been selling off the gold. Canada recently sold off the last of the gold.
There appears to be a massive power shift happening in the gold world. While it’s debatable whether the Federal Reserve is actually holding gold or not in the United States, the government certainly does not want the people insuring themselves with gold.
Josh and John talk about whether Germany is preparing for war, if Germany is buying up gold strictly at a governmental level like the U.S. did in the 1930’s, while potentially banning private ownership as well as the recent revelations that the market has been heavily manipulated by those at Deutsche Bank, Scotia Bank, UBS, HSBC and several other banking giants.