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Papli
Member since May 2012
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IMF study in 1999 found 80 central banks lending 15% of official gold reserves - Chris Powell - Gata

When you let the cat out of the bag don't be sure it will return home. Never the less, the reported piling up of gold reserves by all central banks, their policy not to sell any and this under hand activity of lending are going to seriously impact gold prices going forward and positively finally.

Commented 4153 days ago

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Beginning of the headline :A study by the International Monetary Fund in 1999, obtained last week by GATA's researcher R.M., reported that more than 80 central banks had lent 15 percent of official gold reserves into the market and that central banks then lending gold included the GermanBundesbank, the Swiss National Bank, the Bank of England, the Reserve Bank of Australia, and the central banks of Austria, Portugal, and Venezuela... Read More

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