CNBC finally mentions the German Gold Repatriation story

This is a classic piece of MSM pap. I love the bubble head "why don't the Germans trust us to hold their gold" - well gee just maybe cause the gold is at the New York Fed. Although at least one of the hosts realises this is a big story, particularly when it comes to gold "leasing", aka selling gold into the market which is never expected to be requested back.

If nothing else the following video is good for a laugh and to see how the world's leading business channel has to play catch up, to even this humble little blog.

Unlike real journalists who have been calling this story for years