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Ronan Manly: Sweden conceals the status of its gold reserves
1:39p ET Monday, April 24, 2017
Dear Friend of GATA and Gold:
Gold researcher Ronan Manly reports today that Sweden's central bank claims to make physical inspections of its gold reserve, much of which is held outside the country, but refuses to disclose a list of its gold bars with their weights, even as the central bank acknowledges that it holds gold in part for intervening in the foreign exchange markets. Manly concludes that the bar list is being withheld because some of Sweden's gold is impaired by loans or swaps and full transparency would expose interventions in the markets.
Manly's analysis is headlined "Sweden's Gold Reserves: 10,000 Gold Bars Shrouded in Official Secrecy" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/ronan-manly/swedens-gold-reserves-basi...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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