Monday, August 15, 2016

Bundesbank disagrees with audit court’s view on gold reserves

October 24, 2012 by · Leave a Comment 

GATA By Stefan Riecher Bloomberg News Tuesday, October 23, 2012 http://www.bloomberg.com/news/2012-10-23/bundesbank-disagrees-with-audit… FRANKFURT, Germany — The Bundesbank disagrees with Germany’s Audit Court that the central bank should take stock of its gold holdings outside Germany. “The Bundesbank and the Federal Court of Auditors have different opinions” on the matter, the Frankfurt-based Bundesbank said in a statement [...]

Der Spiegel: Federal auditors call for inventory of German gold reserves

October 24, 2012 by · Leave a Comment 

GATA Thanks again to GATA’s friends Lars Schall and Peter Boehringer for the translation from German to English. * * * Federal Court of Auditors Calls for Inventory of Gold Reserves Germany owns the world’s second largest gold reserves, nearly 3,400 tons. Allegedly, that is. In fact, the stored gold has never been checked for [...]

Gillian Tett: Time for eurozone to reach for the gold reserves?

August 31, 2012 by · Leave a Comment 

GATA Unless the gold collateral was moved out of the vaults of the sovereign borrowers vault and into the vaults of the lenders, this idea would be just another government scam, especially insofar as the supposed gold of the anticipated borrowers probably already has been sold, swapped, leased, and hypothecated into oblivion anyway. * * [...]

Mexico, Russia, Turkey, Kazakhstan raised gold reserves in March

April 25, 2012 by · Leave a Comment 

GATA By Nicholas Larkin Bloomberg News Tuesday, April 24, 2012 http://www.bloomberg.com/news/2012-04-24/mexico-raised-gold-reserves-in-… LONDON — Mexico added 16.8 metric tons of gold valued at about $906.4 million to its reserves in March as nations including Turkey, Russia, and Kazakhstan increased their holdings of the metal, International Monetary Fund data show. Mexico raised its reserves to 122.6 tons [...]

Keiser Report cites vulnerability of German, Swiss gold reserves

March 14, 2012 by · Leave a Comment 

GATA 5:40p ET Tuesday, March 13, 2012 Dear Friend of GATA and Gold: On the latest edition of “The Keiser Report” on the Russia Today network, Max Keiser and Stacy Herbert discuss the growing concern in Germany and Switzerland about the vulnerability of their gold reserves in United States custody. GATA’s work is cited. The [...]

Gold reserves are just for market rigging, so sell them all

May 23, 2011 by · Leave a Comment 

GATA 12:57p ET Sunday, May 22, 2011 Dear Friend of GATA and Gold: U.S. Rep. Ron Paul, the leading critic of the Federal Reserve and leading advocate of returning the United States to a gold standard, has sparked more controversy for his comment to the New York Sun last week that the United States should [...]

Italian banks want nation’s gold reserves credited to them

March 2, 2011 by · Leave a Comment 

Italian Banks Lobby to Tap Surging Gold Price By Rachel Sanderson Financial Times, London Monday, February 28, 2011 http://www.ft.com/cms/s/0/e4bb2008-4376-11e0-8f0d-00144feabdc0.html MILAN, Italy — Italian banks, which by a quirk of law are shareholders in the country’s central bank, are lobbying to have their stakes in the Bank of Italy marked to market on the back of [...]

Gulf nations urged to boost gold reserves

December 9, 2010 by · Leave a Comment 

By Tom Arnold The National, Abu Dhabi, United Arab Emirates Thursday, December 9, 2010 http://www.thenational.ae/business/economy/gcc-urged-to-boost-gold-reser… Gulf Cooperation Council states should boost their foreign reserve holdings of gold to help shield their billions of dollars of assets from turbulence in global currency markets, say economists at the Dubai International Financial Centre Authority. Diversifying more of their [...]

European banks use gold reserves to raise cash

July 7, 2010 by · Leave a Comment 

By Jack Farchy Financial Times, London Tuesday, July 6, 2010 http://www.ft.com/cms/s/0/e3ed5836-8949-11df-8ecd-00144feab49a.html European commercial banks have begun using their holdings of gold to raise cash with the Bank for International Settlements, in a further sign of strains in the money markets on which many rely for funding. The BIS, the so-called “central banks’ central bank,” took [...]

A Retrospective Look at U.S. ‘Gold Reserves’

February 15, 2010 by · Leave a Comment 

Jeff Nielson submits: In discussing the “gold reserves” of the U.S. government, the first point to make is that the only way in which this topic can be discussed is from a retrospective viewpoint. The reason for this is that while the U.S. government claims to have the largest reserves of gold in the world [...]

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