Mark of control (From York Press)

Mark of control

11:15am Thursday 15th November 2012 in Letters By Reader's letter

GERMANY should repatriate all of its gold held in foreign banks as a prelude to reinstating a Deutsche mark tied to gold.

Any entity that wishes to convince the public that its money is sound must have complete control over its reserves (the actual money, ie gold or silver) and grant access to third-party auditors without reservation. Therefore, Germany needs to clear up the question of whether or not its gold held outside its control actually exists and/or if it is encumbered in any way.

Germany does not have to offer any excuse or rationale for repatriating its property. Given the state of the euro crisis, Germany should act with all due haste.

Godfrey Bloom, UKIP MEP for Yorkshire and North Lincolnshire and Patrick Barron, Wressle, Selby