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Sweden's central bank keeps most of its gold abroad without audit

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Chris Powell

GATA

Published : January 22nd, 2013

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FOLLOW : Central Bank Gata Germany Gold Gold Reserves Swaps Sweden

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Category : GoldWire


	GoldCore's Mark O'Byrne reports today that Sweden's central bank, the Riksbank, has acknowledged that most of its gold reserves are vaulted at central banks abroad and that the bank undertakes no physical audit of them, instead relying on those other central banks to assure proper custody. https://www.goldcore.com/goldcore_blog/pacifi...-latest-hedg... This credulity in a world full of secret central bank gold swaps and leases prompts GATA to wonder if the Riksbank might be interested in purchasing a bridge in Brooklyn -- the one over which some of Germany's much-depleted gold reserves may be driven on the way to transport planes at Kennedy Airport for a flight to Frankfurt.

Data and Statistics for these countries : Germany | Sweden | All

Gold and Silver Prices for these countries : Germany | Sweden | All

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Chris Powell 13 abonnés

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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