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  • Alasdair Macleod: "1300 Tonnes Of Gold Missing From The Bank Of England?" GATA Seeks Answers. 1 comment
    Jul 31, 2013 11:57 AM | about stocks: TRRXF, MUX, GALXF, RDNAF, OROCF, LITHF, TLTHF, FMC, ROC, LITIQ, REE, F, TM, GM, NSANF, DOW, JCI, IBM, BASFY, FCX, RIO, BHP, TCK, SSNLF, TSLA, CAR, VALE, BYDDY, POT, ALLRF, MOS, SOIL, IPI, NPTH, PPRTF-OLD

    Watch the video:

     

    sufiy.blogspot.co.uk/2013/07/alasdair-ma...#

    Alasdair Macleod talks with Max Keiser from 13.00 about Gold market, GOFO and questions whether "1300 tonnes of gold missing from the Bank of England?" If it is true, this gold was used to suppress the Gold price during the recent Special OP: Gold Wash Out. The record low COMEX Gold is indicating the Bear Squeeze in Gold coming to the market.

     

    GATA's Bill Murphy On The Manipulated Gold Drop

    "We have more and more evidence about the manipulation in the Gold market in order to save the day of the former reserve currency of choice - US Dollar. Markets can not be manipulated forever - Gold's come back will surprise a lot of investors. China will be writing a lot of "Thank you" cards to the "clueless Bernanke"."

    (click to enlarge)

    GATA:

     

    Bank of England refuses comment on huge discrepancy in custodial gold reports

    Submitted by cpowell on Tue, 2013-07-30 15:08. Section: Documentation

    11:11a ET Tuesday, July 30, 2013

    Dear Friend of GATA and Gold:

    The Bank of England refuses to explain what appears to be a huge discrepancy in its accounting of the gold it holds in custody, a difference of as much as 1,200 tonnes between the total reported in the bank's annual report in February and the total reported in a "virtual tour" of the bank posted this month at the bank's Internet site:

    http://www.bankofengland.co.uk/Pages/info/virtualtourapp.aspx

    The discrepancy was noted by GoldMoney research director Alasdair Macleod last week during an interview with Max Keiser on the "Keiser Report" program on the Russia Today television network:

    http://www.gata.org/node/12854

    Responding to Macleod's assertions, your secretary/treasurer wrote to the bank's public information office Sunday seeking clarification about the bank's custodial gold.

    A reply was quickly sent from the bank but it was unclear. So your secretary/treasurer wrote back asking for plain answers to these questions:

    1) Will the bank confirm any difference in the amount of gold reported held in custody in February and the amount in custody reported by the new Internet site application?

    2) Did Alasdair Macleod misconstrue anything about the Bank of England's custodial gold in his remarks on the "Keiser Report" program on Russia Today?

    3) Is the bank declining to acknowledge changes in the amount of gold in its custody? If so, could you explain why?

    4) Does the bank prefer to be reported to be declining to acknowledge substantial changes in the amount of gold in its custody?

    A reply received today from the head of the bank's public and internal communications division, Chris Shadforth, provided affirmative answers to Questions 3 and 4:

    "The number of bars mentioned in the app cannot be used to infer a change in the amount of custodial gold held by the Bank of England as the figure is deliberately non-specific," Shadforth wrote. "The bank will not be offering any further comment on this matter."

    That is, the information provided to the public by the bank about its custody of gold is for entertainment purposes only and the facts of surreptitious intervention by central banks in the gold and currency markets are not to be discussed, in accordance with the findings of the secret March 1999 report of the International Monetary Fund, revealed by GATA last December, which related that central banks conceal their gold swaps and leases to facilitate secret market intervention:

    http://www.gata.org/node/12016

    So Macleod will stand uncontradicted and participants in the financial markets -- at least the few who pay attention -- may fairly assume that the smashing of the gold price in April well may have been related to a huge outflow of metal from the Bank of England's vault.

    And once again the great asset of Western central banking in surreptitious market manipulation is shown to be the refusal of mainstream financial news organizations to put specific and critical questions to central banks and to report their refusals to answer.

    CHRIS POWELL, Secretary/Treasurer
    Gold Anti-Trust Action Committee Inc."

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  • tonyconnolly
    , contributor
    Comments (553) | Send Message
     
    When was the last time that the USA allowed a open audit of it's gold reserves?? Why won't they allow it to happen..the US Gold belongs to US citizens and they should be allowed full access to an audit of what they own. An international body should independantly check the holdings that BOTH USA has and also the Gold held by the US for other countries...without open access to a thorough Audit how can anyone have any faith in the holdings? No wonder the German Government has asked for there's back!tc
    p.s. yes i know the article here is about the BOE...but i believe there's been active collusion between govts to manipulate.
    12 Aug 2013, 05:55 PM Reply Like
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