You are here
Ronan Manly: Central banks' secrecy and silence on gold storage arrangements
9:13p ET Tuesday, September 29, 2015
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Ronan Manly today identifies eight central banks that refuse to disclose where they are storing their countries' gold reserves, including one -- Finland -- that refused to disclose the information but changed its mind nine months later. Also among the unaccountable central banks is the Bank for International Settlements, whose 2007 presentation to the Peruvian central bank boasted of the BIS's "transparency" and "accountability."
This secrecy almost surely involves the desire of central banks to intervene surreptitiously in the gold and currency markets or to assist such intervention surreptitiously.
Manly's efforts show what financial journalism can achieve when it dares to confront primary sources, the most august of which are central banks. If only mainstream financial news organizations dared to attempt ordinary journalism like this.
Manly's report is headlined "Central Banks' Secrecy and Silence on Gold Storage Arrangements" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/ronan-manly/central-banks-secrecy-and-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore
Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.
Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.
Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.
Goldbroker.com is listed among GATA's recommended monetary metals dealers:
To invest or learn more, please visit:
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015
https://jeffersoncompanies.com/landing/gata
The Silver Summit and Resource Expo 2015
Park Central Hotel, San Francisco, California
Monday-Tuesday, November 23-24, 2015
http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2015
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
