On Wednesday, the Bundesbank confirmed reports and announced it will repatriate a portion of its foreign gold reserves. By 2020, the central bank intends to store half of Germany’s gold reserves in its own vaults within the country, compared to only 31 percent now.

After several months of lackluster returns, precious metals have recently surged higher. Gold and silver have been performing like they both have something to prove.

Over the past three months, gold has been in a tight trading range between $1,540 and $1,640. However, several well-known hedge funds recently made large moves regarding the safe-haven asset.

Despite being in a bull market for the past decade, precious metals are still widely under-owned by historical standards. The percentage of wealth held in gold and silver today fails in comparison to the last bull market thirty years ago.

Earlier this week, Odyssey Marine Exploration, a world leader in deep-ocean shipwreck exploration, announced it successfully recovered approximately 48 tons of silver bullion from the SS Gairsoppa. Despite the silver being submerged for 71 years, it is still a highly prized discovery as the precious metal has appreciated in value.

In the Seinfeld episode “The Bizarro Jerry,” Elaine meets a group of people who are complete opposites of Jerry, George, Kramer. The show provides a rather striking similarity to today’s Bizarro financial market.

Even though gold prices can experience declines that appear to be unfounded, demand from various categories and parts of the world continue to provide support to prices.

Eric Sprott, legendary gold and silver investor and chairman of Sprott Inc., famously issued an open letter to 17 of the world’s largest silver producers last year.

The state of Wyoming recently brought up legislation to launch a study into what the state should do in the event of a complete financial collapse in the country.

On Tuesday, the Dow Jones Industrial Average briefly climbed above 13,000, its highest level since May 2008. Many rejoiced at the psychological milestone as the index has nearly doubled from March 2009 lows.

In a recent Fortune article, Warren Buffett provided a glimpse into his upcoming annual shareholder letter. Buffett used this opportunity to once again remind everyone how much he dislikes gold.

Total Return, The Wall Street Journal’s personal-finance blog, recently reviewed presidential candidate Dr. Ron Paul’s (R-TX) investment portfolio.