Ned Naylor-Leyland: Germany, gold, and 'diplomacy'

Section:

3:30p ET Friday, January 2, 2015

Dear Friend of GATA and Gold:

Writing for the TF Metals Report, Ned Naylor-Leyland of Quilter-Cheviot Asset Management in London observes that Germany used to vault its gold in the United States out of fear of Russia but now seems to have more fear of United States and the peculiar happenings in the gold market. Naylor-Leyland adds that if developments show that the Netherlands has been able to repatriate more gold faster than Germany has been, Germany's Bundesbank may face some inconvenient questions. Naylor-Leyland's commentary is headlined "Germany, Gold, and 'Diplomacy'" and it's posted at the TF Metals Report here:

http://www.tfmetalsreport.com/blog/6500/guest-post-germany-gold-diplomac...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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