Greece’s Lenders Have the Right to Seize National Gold Reserves

Yesterday, Greece went to the so-called "negative salary incentive" program.  Today, Reuters Global Gold Forum confirms that in the small print of the Greek “bailout” is a provision for the creditors (banks) to seize Greek national gold reserves, which is currently about 100 tonnes.  I don't think that the Greeks are going to be too happy with their government for including this provision for the bailout once they become aware of it.