toad.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
Mastodon server operated by David Troy, a tech pioneer and investigative journalist addressing threats to democracy. Thoughtful participation and discussion welcome.

Administered by:

Server stats:

368
active users

#bullion

0 posts0 participants0 posts today

Where’s the gold? Germany’s conservatives sound the alarm over reserves in the US.

Germany keeps over €100 billion worth of gold reserves in the New York Federal Reserve.

Some politicians in Germany are worried that what was for decades seen as one of the world’s most reliable storehouses might not be so secure after all.

mediafaro.org/article/20250331

Three 1kg gold bars. | Christopher Furlong/Getty Images
Politico.eu · Where’s the gold? Germany’s conservatives sound the alarm over reserves in the US.By Carlo Martuscelli

Don't ask me why I was looking at this, but for the first time in my adult life I see gold is cheaper in India than in the US. IIRC, gold has historically been 2%-5% more expensive in India. 🪙

1 Troy Oz (31.104gms) 24kt gold is $2375 in India compared to $2420 in the US (that too at Costco). 🤯

Costco warehouse price will be lower but at this level, unlikely to be lower than India's price. 🥺

costco.com/.product.4000186760