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Koos Jansen: Bank of England's gold vault is nearly 500 tonnes lighter than last year

By: Chris Powell, Secretary/Treasurer, GATA

 -- Published: Tuesday, 17 June 2014 | Print  | Disqus 

Dear Friend of GATA and Gold:

Custodial gold held by the Bank of England fell by nearly 500 tonnes over the year ending in February, gold researcher and GATA consultant Koos Jansen reports today upon examining the bank's new annual report. During the same period, Jansen writes, the United Kingdom reports having a net gold export balance of nearly 1,600 tonnes.

The Bank of England vaults gold for many customers and there are other commercial gold vaults in the U.K., and exactly whose gold was transferred where and for what purposes are highly sensitive secrets -- in part because the transfers may involve manipulation of the gold market by central banks, whose daily trading in gold is public record --

http://www.gata.org/node/12717

http://www.gata.org/node/13373

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

-- but not discussed in polite company and never examined by mainstream financial news organizations.

Jansen's commentary is headlined "The Bank Of England Lost 487 Tonnes of Gold in 2013" and it's posted at his Internet site, In Gold We Trust, here:

http://www.ingoldwetrust.ch/the-bank-of-england-lost-487-tonnes-of-gold-...

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

Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/new-orleans-investment-conference/home

* * *

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: Tuesday, 17 June 2014 | E-Mail  | Print  | Source: GoldSeek.com

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