In a move that will surely precipitate a momentous move in the price of precious metals, it seems the international bankers known in Europe as “technocrats” have moved to outright confiscate the country’s gold supply. The very thing many gold bugs fear is now happening in Greece, on a national scale.

Via ZeroHedge

While hardly discussed broadly in the mainstream media, the top news of the past 24 hours without doubt is that in addition to losing its fiscal sovereignty, and numerous other things, the Greek population is about to lose its gold in a perfectly legitimate fashion, following amendments to the country’s constitution by unelected banker technocrats, who will make it legal for Greek creditors – read insolvent European banks – to plunder the Greek gold which at last check amounts to 111.6 tonnes according to the WGC. And so we come full circle to what the ultimate goal of banker intervention in the European periphery is – nothing short of full gold confiscation.