The Federal Reserve Bank of New York today responded to GATA’s inquiry last night, prompted by reports such as this one from Ukraine — http://www.gata.org/node/13754 — as to whether it was taking custody of Ukraine’s gold reserves. A spokesman for the New York Fed said simply: “Any inquiry regarding gold accounts should be directed […]
Central Banks Supressing Price of Gold
Chris Powell was interviewed about gold market manipulation for about five minutes this morning on CNBC Asia’s “The Call” program with Bernie Lo. Secretary & Treasurer of the Gold Anti-Trust Action Committee also talked about why he thinks western central banks are rigging the price of gold. He is fighting for a fair game in the […]
Chris Powell questioned the discrepancies in the amount of gold reported by the Bank of England
As we were just talking about recently, there was a discrepancy in the amount of gold reported to be held by the Bank of England. One page of the official website reported that the bank held 505,000 gold bars. And another page featuring an interactive web app reported just over 400,000 bars. So Chris […]
Deutsche Bank is opening a vault in Singapore that can hold $9 billion of gold
Deutsche Bank is opening a vault in Singapore that can hold $9 billion of gold, as it hopes to tap rising demand for the precious metal in Asia amid a push by the city-state to burnish its image as a bullion-trading hub. Singapore last year scrapped a goods-and-services tax on gold in a bid […]
What happens when the paper gold fraud is understood?
The Global Europe Anticipation Bulletin (GEAB), the economic newsletter published by the European Laboratory of Political Anticipation, seems to have figured out the gold price suppression scheme and particularly the fraudulence of paper gold. In its May 16 edition, the GEAB says: “Whilst paper gold saw a scary crash in mid-April, the demand for […]
