Tues Post #2: CNBC admits Gold is leased and more paper gold exists than real Gold - speculates Germany's move to repatriate Gold could be huge.

 

Last week we told you there had been a significant development on the precious metals front. Specifically that Germany had announced they were repatriating Gold they owned and stored in the United States and France back to Germany.

CNBC discussed the story today and, in a stunning bit of candour, acknowledged that Gold is leased and leveraged vs. the paper shares of Gold and that the move by Germany could cause of run on physical Gold.

Stunning to see this acknowledged on CNBC.

(Note: they mentioned that now Holland is doing the same as Germany in moving to repatriate that countries Gold too)

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