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Ronan Manly: Coin bars, 'melts,' and the Bundesbank
1:15p ET Tuesday, February 10, 2015
Dear Friend of GATA and Gold:
In the third installment in his series "The Keys to the Gold Vaults at the New York Fed," gold researcher and GATA consultant Ronan Manly describes the history of high-purity and low-purity gold bars and suggests that the latter are used in transactions between central banks when gold supplies are under strain, as they seem to have been lately when the German Bundesbank purported to be repatriating some of its gold from the Federal Reserve Bank of New York. Manly's analysis is headlined "Coin Bars, 'Melts,' and the Bundesbank" and it's posted at the Bullion Star blog 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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