Financial journalist Lars Schall, who in recent months has gotten the doors of several central banks slammed in his face when he has asked them pointed questions about gold, reports today that he is doing a little better with the German Bundesbank as a result of similar inquiries made by the London Telegraph's Ambrose Evans-Pritchard. Schall's commentary is headlined "The Deutsche Bundesbank and Its Gold: To Trade or Not to Trade?" and it's posted at his Internet site here:
http://www.larsschall.com/2012/12/12/the-deutsche-bundesbank-and-its-gol...
The Bundesbank still has not answered whether it loans or swaps gold or if it ever did and, if so, for what purposes. But these questions are being pressed more often now and eventually will blow up messily all over Western central banking -- sooner if mainstream financial journalists like Evans-Pritchard start pressing the questions for their own news organizations.
CHRIS POWELL, Secretary/Treasurer
