Guest Post: New Kitco DEM Page Lets Rumors About Germany Abandoning the Euro Fly

Submitted by The Prudent Investor

A web page of precious metals prices provider has sparked rumors that Germany will leave the Eurozone and reintroduce German Marks, sending gold to a new record of $1,244 and silver to a multi-year high of $19.64.
It is this half-ready page shown below that has created excitement as it lists precious metals in Deutschmark units.

German website had another market-sparkling comment from a forum participant who said has reintroduced a DEM option since about a week. Check it out here.

And there is still more material feeding the rumour. German leftist politician Gregor Gysi announced on TV that there may be an important announcement  to be made on Friday. The video below is in German.

In a literal translation  Gysi did not say that Germany will reintroduce the Mark but made a curiosity-inspiring statement, saying that there may be some very important news that will be announced on Friday.

The hottest trail can be found at website A poster claiming to be an employee of Deutsche Bank wrote that the bank received a container full with new German Marks banknotes and coins. He wrote he will publish a picture of the new Marks on Thursday morning. He also said the currency change would happen this weekend with German chancellor Angela Merkel scheduled to give a speech to the nation on Friday evening.
As we see the rapid destruction of the next fiat currency - all of them have failed in the past 3 centuries - rocketing precious metals prices prove once more there is no other safe haven when the going gets really tough.