by JP Koning, BullionStar:
There were multiple reports on social media late last month of Germans queuing up to buy gold in Köln, Stuttgart, and Munich.
According to WELT reporter Michael Höfling, it wasn’t just the Christmas rush. Buyers may have been desperate to beat a looming deadline for cash purchases of gold. After January 1, a new law will require all Germans who buy more than €2,000 worth of gold with banknotes to submit to a customer due diligence process. This process involves giving up data like one’s name, date of birth, and address. Prior to the passage of this law, customers could make cash purchases of gold up to €10,000 and avoid sharing their vital details.
Democrat academics want to divide Washington D.C. into 127 new states
The central bank is finally admitting what most of us have known for some time now. The Fed is fueling the asset bubble and pumping a lot of money into a “booming” economy. As Bloomberg’s Richard Breslow details in today’s note, the worst kept secret in the financial world is now not only accepted orthodoxy but finally being discussed openly by, at least some, authorities.
