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Bullion Star's primer on the U.S. gold reserve
10:48a ET Wednesday, December 21, 2016
Dear Friend of GATA and Gold:
Bullion Star today has posted a primer on the U.S. gold reserve, noting that it hasn't been audited terribly well in recent decades. More interesting to GATA is that the audits, such as they are, as well as general discussion and news reporting about the reserve never cover the secret gold swaps in which, according to a 2009 admission to GATA by a member of the Federal Reserve's Board of Governors, the Fed is secretly involved:
The secret March 1999 report of the staff of the International Monetary Fund to the IMF's board said central banks conceal their gold swaps and leases to facilitate their surreptitious intervention in the gold and currency markets:
http://www.gata.org/node/12016
Bullion Star's primer on the U.S. gold reserve is posted here:
https://www.bullionstar.com/gold-university/central-bank-gold-policies-u...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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