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jon.robb.14
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The Mexican standoff: Gold, Banxico and the Bank of England

- Jan Skoyles Real Asset Co - The Real Asset Co

Do you think Mexico, or any other central bank, will be looking to bring their gold back?

if you still believe that people and institutions still tend to act in what they perceive to be their own best self interest then

it depends upon what kind of a deal they are offered and whether they think that deal will be honored. my question is what
would happen to international finance if all the countries of the world kept their precious metals in their own vaults?

the real truth of all the central banks is this. they are guaranteeing to markets that their citizens are going to continue to add
value to just about everything that they touch. too bad we all need food and shelter. there's a market maker. our labor.

Commented 4117 days ago

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Beginning of the headline :Late last month it was reported that Mexico is going to organize an audit of their gold stored at the Bank of England. Financial journalist Guillermo Barba, writes that that the Mexican Superior Audit of the Federation (“ASF” in Spanish) has made an official ‘recommendation’ that the Bank of Mexico “should “make a physical inspection with the counterparty that has the gold under its custody, in order to be able to verify and validate its physical wholeness and the compliance with the terms and... Read More

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