-- Published: Monday, 21 September 2015 | Print | Disqus
Dear Friend of GATA and Gold:
International trade record-keeping rules exempt the reporting of movement of monetary gold, gold held or purchased by governments and central banks, gold researcher and GATA consultant Koos Jansen reports today. As a result, Jansen writes, gold acquired by the People's Bank of China or other proxies for the Chinese government is almost certainly not showing up in international trade statistics.
This is more evidence that gold transactions by governments are being concealed for policy purposes.
Jansen also notes that the International Monetary Fund classifies gold as the highest reserve asset of central banks, above even the IMF's own special drawing rights, because even the IMF recognizes gold as "the only financial asset without counterparty liability."
As your secretary/treasurer long has maintained, gold is still at the center of the international financial system, despite its constant disparagement by financial elites and mainstream financial news organizations, and the location and disposition of national gold reserves are secrets far more sensitive than the location and disposition of nuclear weapons. For while nuclear weapons can destroy the world, gold and the rigging of its market can control it.
The IMF itself has admitted as much confidentially, as through its secret March 1999 staff report confirming that central banks conceal their gold swaps and leases to facilitate their secret interventions in the gold and currency markets:
Jansen's report is headlined "The London Bullion Market and International Gold Trade" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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-- Published: Monday, 21 September 2015 | E-Mail | Print | Source: GoldSeek.com