Buba’s Gold
Posted on January 19, 2013 at 09:00 AM EST
Buba wants her money back. (Her real money, that is.) Earlier this week, Germany’s central bank, the Bundesbank, announced it would commence repatriating its vast offshore gold reserves, the second-largest stockpile in the world after that of the United States. Gold rose a bit after the news, but not much. It’s up about $20 for the week, still comfortably within medium-term trading range. Really, gold? We expected more… This is big news, after all. The [...] Buba’s Gold appeared in the Daily Reckoning . Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter .
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