Dear Friend of GATA and Gold:

Today's fuss about the German Bundesbank's repatriation over the last year of only 5 of the 300 tonnes of its gold that it planned to repatriate from the Federal Reserve Bank of New York should include a fuss about the Bundesbank's similarly pitiful repatriation of its gold vaulted at the Banque de France in Paris.

A year ago the Bundesbank said it would repatriate 374 tonnes from the Banque de France:

http://www.nytimes.com/2013/01/17/business/global/german-central-bank-to...

But today's report in the German newspaper The World on Sunday --

http://www.welt.de/wirtschaft/article123988843/Die-ganze-Wahrheit-ueber-...

-- quotes the Bundesbank as saying that it has managed to repatriate only 32 tonnes from France so far.

Is the German gold supposedly vaulted in France as impaired as the German gold supposedly vaulted at the New York Fed seems to be?

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

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 -- Published: Monday, 20 January 2014 | E-Mail  | Print  | Source: GoldSeek.com

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