Gold Withdrawals From The NY Fed Accelerate, Hit 388 Tons Since 2014

First it was Germany who redeemed 120 tons of physical gold from the NY Fed in 2014; then it was the Netherlands who "secretly" redomiciled 122 tons of gold; then last May, we learned that Austria would be the third "core" European nation to repatriate most of its offshore gold, held primarily in the Bank of England, redepositing it in Vienna and Switzerland.

DYI Comments:  The players are very nervous and rightfully so!  In times of desperation countries just as individuals will commit themselves to acts deemed improbable during normal economic times. During a major economic crises or war countries will act out in irrational desperation - GOLD CONFISCATION - is a real threat!

The double speak of central bankers is so typical they tell the populous that gold is a barbaric relic of the past and yet when times of possible trouble they want to make sure their gold is well secure.

DYI