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New York Fed's gold vaults' depositors and metal have been declining steadily
12:20a ET Monday, January 26, 2015
Dear Friend of GATA and Gold:
In the first of a series of articles about the gold vaults of the Federal Reserve Bank of New York, GATA consultant Ronan Manly reports that the bank's documents indicate a huge decline over recent decades in the number of central banks vaulting gold there as well as the amount of gold vaulted. Further, Manly finds, the bank has gotten much more secretive about its gold vaulting over the years. Manly's study is titled "The Keys to the Gold Vaults at the New York Fed, Part 1" and it's posted at the Bullion Star Internet site here:
https://www.bullionstar.com/blog/ronan-manly/keys-gold-vaults-new-york-f...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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