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Is Germany's gold in France as impaired as its gold at the New York Fed?

By: Chris Powell, Secretary/Treasurer, GATA

 -- Published: Monday, 20 January 2014 | Print  | Disqus 

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.

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


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

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