Chart usGOLD   Chart usSILVER  
 
Food for thought
the State is a Predator
Frank Chodorov  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1303.18-4.62
Silver 20.62-0.08
Platinum 1478.754.48
Palladium 881.005.60
WORLD MARKETS
DOWJONES 16961-119
NASDAQ 4450-23
NIKKEI 1552972
ASX 5570-4
CAC 40 43387
DAX 9619-25
HUI 2426
XAU 1023
CURRENCIES (€)
AUS $ 1.4302
CAN $ 1.4527
US $ 1.3434
GBP (£) 0.7913
Sw Fr 1.2153
YEN 136.8550
CURRENCIES ($)
AUS $ 1.0647
CAN $ 1.0811
Euro 0.7444
GBP (£) 0.5890
Sw Fr 0.9046
YEN 101.8660
RATIOS & INDEXES
Gold / Silver63.20
Gold / Oil12.81
Dowjones / Gold13.01
COMMODITIES
Copper 3.240.00
WTI Oil 101.77-0.32
Nat. Gas 3.790.00
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
7/28/2014
7/27/2014
7/27/2014
7/27/2014
7/26/2014
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