-- Published: Tuesday, 11 March 2014 | Print | Disqus
Dear Friend of GATA and Gold:
The Federal Reserve Bank of New York today responded to GATA's inquiry last night, prompted by reports such as this one from Ukraine --
http://www.gata.org/node/13754
-- as to whether it was taking custody of Ukraine's gold reserves.
A spokesman for the New York Fed said simply: "Any inquiry regarding gold accounts should be directed to the account holder. You may want to contact the National Bank of Ukraine to discuss this report."
GATA's similar inquiry of last night to the U.S. State Department has not yet prompted any reply.
Last night GATA called this issue to the attention of about 30 mainstream financial journalists and newsletter writers in the admittedly bizarre hope that they might pose the question as well.
But as your secretary/treasurer has noted for many years:
1) The first rule of mainstream financial journalism and particularly financial journalism about gold is never to put a specific critical question about the monetary metal to any of the primary participants in the gold market, central banks. That is, nearly all gold market reporting is, by design, irrelevant distraction at best, disinformation at worst.
2) The true location and disposition of national gold reserves are secrets far more sensitive than the location and disposition of nuclear weapons.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Join GATA here:
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/
Porter Stansberry Natural Resources Conference
AT&T Performing Arts Center
Margot and Bill Winspear Opera House
2403 Flora St., Dallas, Texas
Saturday, May 31, 2014
http://stansberrydallas.com/
Canadian Investor Conference 2014
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia
Sunday and Monday, June 1 and 2, 2014
http://cambridgehouse.com/event/25/canadian-investor-conference-2014-inc...
* * *
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:
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http://www.gata.org/node/16
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-- Published: Tuesday, 11 March 2014 | E-Mail | Print | Source: GoldSeek.com
