Barry Stuppler

The Bundesbank transferred around 110 metric tons of gold from Paris and just under 100 tons from New York to its Frankfurt vaults last year, turning the city into the biggest storage site for Germany’s reserves . . . .

Gold has been quietly edging higher in recent weeks and today finds itself at just shy of $1110 per troy ounce ... the metal has tacked on a good $65 or just over 6 per cent ... Gold’s recovery has been driven almost exclusively by a rise in risk aversion . . . .

Not long ago, people appeared to have completely forgotten how precious gold is. This was awkward especially given the fact that from an investing perspective, it is clearly placed under precious metals category and the fact it is clearly in a long-term bull market since 1,999 . . . .

The 2008 financial crisis marks the return of gold into the international monetary system. It is also the beginning of currency wars ... that will lead to a reset of the international monetary system, five countries will play a major role but each in a different way ... . The two largest players on opposite side are the United States and China ... However, Russia also has made gold a major weapon against the US . . . .