Official central bank gold reserve figures as reported to the International Monetary Fund are at best unreliable and at worst active deceptions concealing market interventions, Mineweb's Lawrence Williams acknowledges today.
Or as your secretary/treasurer has been putting it: The location and disposition of central bank gold reserves are secrets far more sensitive than the location and disposition of nuclear weapons. For while nuclear weapons are not ever likely to be used, central bank gold and gold derivatives traded by central banks are being used every day to rig markets surreptitiously.
Williams' commentary is headlined "Does Any Nation Hold the Gold It Says It Does?" and it's posted at Mineweb here:
http://www.mineweb.com/news/gold/does-any-nat...ld-it-says-i...
