The Fed won’t let Germany inspect its own gold

July 8, 2014 in Gold and Silver, Video by The Manimal

The National Security Agency isn’t the only American organization upsetting some Germans. The US Federal Reserve holds 45 percent of Germany’s gold assets, and a plan to bring much of that back to its homeland is in jeopardy. Efforts to transport or even audit the billions of dollars worth of precious metal held by the US are being impeded by politics and the Fed itself, creating frustration for many of the plans supporters. RT’s Peter Oliver reports from Berlin on what is holding up the process.