Chart usGOLD   Chart usSILVER  
 
Food for thought
Never believe anything in politics until it has been officially denied
Otto von Bismark  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1248.05-0.50
Silver 17.45-0.05
Platinum 1273.25-1.50
Palladium 774.001.50
WORLD MARKETS
DOWJONES 16615209
NASDAQ 4419103
NIKKEI 15050245
ASX 53135
CAC 40 408190
DAX 8887169
HUI 191-1
XAU 790
CURRENCIES (€)
AUS $ 1.4475
CAN $ 1.4277
US $ 1.2725
GBP (£) 0.7889
Sw Fr 1.2067
YEN 136.0530
CURRENCIES ($)
AUS $ 1.1377
CAN $ 1.1219
Euro 0.7859
GBP (£) 0.6201
Sw Fr 0.9482
YEN 106.9130
RATIOS & INDEXES
Gold / Silver71.52
Gold / Oil15.21
Dowjones / Gold13.31
COMMODITIES
Copper 3.04-0.02
WTI Oil 82.030.07
Nat. Gas 3.69-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Treasury's report on gold at Fed is like queen's visit to Bank of England's vault, Turk
Published : February 20th, 2013
142 words - Reading time : less than a minute
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet

Continuing his interview with King World News today, GoldMoney founder and GATA consultant James Turk says the U.S. Treasury's report this week on gold held by the Federal Reserve is the equivalent of Queen Elizabeth's recent visit to the Bank of England's gold vault. "It's trying to make people (and countries) feel comfortable that the gold is really there," Turk says. "But why should they keep gold in other vaults? We're not on a gold standard anymore. We don't need to have gold stored in different vaults around the world to settle international payments. The gold is really just a country's reserve, and the only way you can make certain that you have control of that reserve is to store it in your own central bank's vault."

An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_Da...2013/2/19_Ja...

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Chris Powell
All articles by
Chris Powell
Next article by
Chris Powell
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Chris Powell

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.
Chris Powell ArchiveWebsiteSubscribe to his services
Most recent articles by Chris Powell
10/22/2014
10/22/2014
10/22/2014
10/22/2014
10/21/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer