Monday, 8 December 2014

Koos Jansen: Belgium Investigating To Repatriate All Gold Reserves.

Koos Jansen: The Netherlands Has Repatriated 122.5t Gold From US.

Eric Sprott: Global Gold Demand Is Overwhelming Supply.

Nobody believes that Gold can make a true reversal here. Sentiments are at total extreme. We have the capitulation in gold miners and, maybe, this is the sign of the end of this gold bear market.

Koos Jansen:

Belgium Investigating To Repatriate All Gold Reserves

Just after I reported on the repatriation of 122.5 tonnes of gold by The Netherlands from the Federal Reserve Bank of New York (FRBNY) and about the Eurosystem allocating as much of its gold reserves as possible – a global run on gold which can only be seen in advance of a reform of the international monetary system, the next Eurosystem member has come forward, Belgium.

In Europe so far; Germany has been repatriating gold since 2012 from the US and France, The Netherlands has repatriated 122.5 tonnes a few weeks ago from the US, soon after Marine Le Pen, leader of the Front National party of France, penned an open letter to Christian Noyer, governor of the Bank of France, requesting that the country’s gold holdings be repatriated back to France, and now Belgium is making a move. Who’s next? And why are all these countries seemingly so nervous to get their gold ASAP on own soil?

VTM-nieuws has just reported the Belgium central bank has confirmed it’s investigating to repatriate all its gold reserves.