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Bundesbank changes its story about gold repatriated from New York Fed

By: Chris Powell, Secretary/Treasurer, GATA

 -- Published: Wednesday, 8 January 2014 | Print  | Disqus 

Dear Friend of GATA and Gold:

Peter Boehringer of the German Precious Metals Society and the Repatriate Our Gold campaign in Germany reports today that the Bundesbank appears to have changed its story about the 37 tonnes of German gold recently repatriated from the Federal Reserve Bank of New York.

While the Bundesbank first asserted that some of the gold bars were melted and recast before being returned to Germany --

http://www.gata.org/node/13458

-- thereby implying that the gold returned to Germany was not the gold originally deposited, the Bundesbank yesterday seems to have told the German magazine Wirtschafts Woche (Business Week) that the gold was not recast until it reached Germany. The Wirtschafts Woche report acknowledges concerns about gold market manipulation and cites market analyst and GATA consultant Dimitri Speck:

http://www.wiwo.de/finanzen/geldanlage/deutsches-gold-im-ausland-was-ist...

Boehringer writes about this at the German gold blog Goldseitenblog here:

http://www.goldseitenblog.com/peter_boehringer/index.php/2014/01/07/deut...

We hope to have more in English about this soon.

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

Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
Sunday-Monday, January 19-20, 2014
Vancouver, British Columbia, Canada

http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...

GATA Reception in Vancouver
Free admission, cash bar
5-8 p.m. Monday, January 20, 2014
Lions Pub, 888 West Cordova St.
Vancouver, British Columbia, Canada

Mines and Money Hong Kong
Hong Kong Convention and Exhibition Centre
Monday-Friday, March 24-28, 2014
Hong Kong Special Administrative Region, China

http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16


| Digg This Article
 -- Published: Wednesday, 8 January 2014 | E-Mail  | Print  | Source: GoldSeek.com

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