It was just disclosed today by the Federal Reserve that foreign nations repatriated a shocking 1.52 million oz of gold from the US in November – gold that was being stored in the vaults of the New York Fed. The last time foreigners removed this much gold from the New York Fed in a single month was back in March of 2001, six months ahead of 9/11.
Over the last 12 months, foreigners have shipped back to their homeland a total of 5.52 million oz of gold! This includes 2.87 million oz during the last two months.
Historically, any time foreigners have removed such a large amount of gold from the US in a 12 month period – it has been a warning sign that a major recession/financial crisis is imminent.
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