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Dutch leaving plenty of gold abroad and it's probably gone, von Greyerz says
4:23p ET Friday, November 21, 2014
Dear Friend of GATA and Gold:
King World News notes today that Swiss gold fund manager Egon von Greyerz, a leader of the Swiss Gold Initiative, remarked to KWN a month ago that another European central bank was repatriating gold from the United States. The Netherlands central bank made such an announcement today.
But von Greyerz scoffs at the bank's assertion that the repatriation will build public confidence, since 69 percent of the Netherlands gold reserve will remain vaulted abroad and probably is not really vaulted with its nominal custodians but more likely has been whisked off to Asia through gold lending.
An excerpt from von Greyerz's interview is posted at the KWN blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/21_M...
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