by http://www.silverdoctors.com/
The State Oil Fund of Azerbaijan has withdrawn the first ton of its physical gold from JP Morgan vaults, and placed it in their own Central Bank vaults in Baku. The Fund has announced it will withdraw all of its physical gold assets from JP Morgan warehouses in London.

A story that has gone almost unnoticed is that Japanese pension funds… in the wake of the election of Prime Minister Shinzo Abe on a platform of more aggressive monetary intervention by the Bank of Japan… will more than double their gold holdings in the next two years.

The Pacific Group Ltd., founded by a former PaineWebber Inc. trader, is converting one-third of its hedge-fund assets into physical gold, betting that prices will go up as governments print more money to pay off debt.

by Chris Hunter, Investment Director, Bonner & Partners, http://www.insideinvestingdaily.com/
It’s a watershed moment…
Germany plans to repatriate its gold reserves held abroad… much of which is sitting in vaults in Paris and New York.

Get the picture