-- Published: Wednesday, 3 December 2014 | Print | Disqus
Dear Friend of GATA and Gold:
Many European central banks have begun issuing public reports distinguishing their gold in the vault from "unallocated" gold or gold receivables and they now claim very little unallocated gold, Bullion Star market analyst and GATA consultant Koos Jansen reports today. Jansen adds that the distinguishing has been done only for this year and that such data has not been made available for previous years. But the implications may be that the European central banks have been moving steadily toward achieving greater security for their gold reserves, that they are reducing their gold swapping and leasing, and even that a substantial change in the world financial system has drawn near. Gold market analysts will need to examine closely this change of policy and this new data.
Jansen's analysis is headlined "Eurosystem Is Increasing Its Allocated Official Gold Reserves" and it's posted at Bullion Star here:
https://www.bullionstar.com/blog/koos-jansen/eurosystem-is-increasing-it...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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-- Published: Wednesday, 3 December 2014 | E-Mail | Print | Source: GoldSeek.com
