Economics and Investing:

Sunday, Mar 11, 2012

K.P. suggested this piece at Zero Hedge: Germany to Review Bundesbank Gold Reserves in Frankfurt, Paris, London and New York Fed. Here is a brief quote: "The concern is that were the eurozone to collapse, Bundesbank's losses could be half a trillion euros - more than one-and-a-half times the size of the Germany's annual budget. In that scenario, Germany’s national patrimony of gold bullion reserves would be needed to support the currency – whether that be a new euro or a return to the Deutsche mark." (When the going gets tough, they will repatriate their gold. Count on it.)

Zero Hedge also reports: Switzerland Wants Its Gold Back From The New York Fed. To quote Charles Lutwidge Dodgson (aka Lewis Carroll): This is looking "curiouser and curiouser..."

The BBC says: Security: UK 'must plan for euro collapse'. (Thanks to Andrew in England for the link.)

At Fierce Finance: The Real Jon Corzine

Items from The Economatrix:

Greece Averts Immediate Default, Markets Skeptical

Bernanke Is Giving Us The Recovery He Wants, Not The Recovery We Need

Oil Up On Jobs Data Even As Dollar Rallies

Gold Turns Higher On US Jobs Data, Oil Gains


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