Germany reclaims $36B in gold from U.S., France

BERLIN (AP) — In what sounds like the setup for a stylish Hollywood heist movie, Germany is transferring nearly 700 tons of gold bars worth $36 billion from Paris and New York to its vaults in Frankfurt. The move is part of an effort by Germany's central bank to bring much of its gold home after keeping big reserves outside the country for safekeeping during the Cold War. Shipping such a large amount of valuable cargo between countries could be a serious security headache. A gold robbery — the subject of such movies as Die Hard 3 and The Italian Job — would be embarrassing and expensive for Germany.

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Robert Kiyosaki ‏: be an Entrepreneur or an Investor Not a saver!

Robert Kiyosaki ‏: It’s important that you learn to be an entrepreneur or an investor . . . . Not a saver!

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

David Skarica: 2013 will be the year of The break out for Gold Price

David Skarica: From a technical perspective, in mid-2011, we had a big spike in gold prices over $1,900/oz. We are now in the second longest consolidation of the gold bull market. The only one that was longer was the 2004–2005 consolidation, and that was longer by only a couple of months. Technically, a spike high followed by a sideways trading range that builds the base between $1,530/oz and $1,650/oz is a positive development. As the saying goes, "The longer the base, the more the space." It could also be called a "coiled spring." The longer we trade sideways, the bigger the break out should be. I don't anticipate new lows. It appears that we are nearing the end of the base and, though I don't want to sound like an out and out goldbug, I believe the breakout will be huge when it happens. One driver of the breakout, which no one is really talking about, is what's going on in Japan. Japan has now decided to devalue and print for the first time in 20 years. It is going to print more money than the US and Europe combined, even though it is a much smaller economy. That third nation of money printing—counting the Eurozone and the European Central Bank as one nation—is going to be phenomenal for the price of gold. Now you just have to be patient. I don't know if this breakout is going to start in March, June, September or December, but I really think that 2013 will be the year that we will break out. If you're looking at a price target, I'll just use the easy price target of $2,000/oz by the end of the year.- in goldnews bullionvault