Bring home our gold!
The Deutsche Bundesbank holds about 3400 tons for German citizens in physical gold, which would be urgently needed after a possible final loss of confidence in the euro as a (partial) cover of a new currency. To achieve this purpose, there must first be transparency of the gold that has been stored for decades largely abroad and then has to be transferred to Germany. No nameable legal reasons preclude these actions; and at the latest since the end of the cold war in 1990 there are also no military ones.
The independent and non-partisan initiative "birng our gold home!" therefore calls for
a complete and independent full audit of German gold stocks in all storage locations;
the timely return of all gold stored abroad to Germany, in order to get the option of (partial) cover a future new currency;
Achieve a constitutionally guaranteed special status of the gold reserve to counter of the rapidly growing sales (of gold) risk due to the dramatically deteriorating quality of the Bundesbank (danger in delay) balance sheet since 2007.
Image: Storage locations of Bundesbank gold:
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In the case of German gold, the following points are critical:
Completely lacking transparency over storage of gold stocks in foreign vaults with unclear ownership structure
For decades of overdue physical full audit with public reporting and accounting to commercial law (HGB [commercial code] and others)
Acute expropriation or confiscation risk in the course of the so-called Euro "Rescue"...
... as a result of the qualitative deterioration of the balance sheet of the Deutsche Bundesbank (share highly questionable target 2 assets 2012 already over 60% of total assets!)...
... as a result of increasing worsening collateral the ECB system (with its partner and guarantor Deutsche Bundesbank)...
... and as a result of massive over-indebtedness of the German Federal budget...
... in which the Bundesbank distributes their gains and losses ...
...
and therefore could be forced in any emergency of the federal budget to sell gold
Ensuring that in a "post euro area" in a few years it may be required to (partially) back a future national currency with gold