You are here
French magazine challenges Banque de France's gold lending plans
12:45p ET Wednesday, February 6, 2019
Dear Friend of GATA and Gold:
Politique magazine in Paris this week published a report by Edouard Freval about the Banque de France's new interest in lending and swapping gold through JPMorganChase & Co. even as credit and currency risks are rising and other central banks are acquiring the monetary metal to guard against those risks.
The report quotes former French central bankers criticizing the scheme. It also quotes your secretary/treasurer at some length.
... Dispatch continues below ...
A Network of Bullion Dealers Who Bid for Your Business
With a SmartMetals® account from the Hard Assets Alliance, you're always guaranteed the lowest prices for gold, silver, platinum, and palladium. When you buy bullion through your account, the alliance's network of trusted precious metals dealers launches into action -- and you'll be shown the lowest price for your purchase. Also amazing is the low-cost storage available to you in six non-bank vaults around the world.
Click here to learn more:
http://www.hardassetsalliance.com/go/v34pm4/GAT
Even when read in English through Google Translator the report does very well casting suspicion on the Banque de France's scheme and reminding readers that gold is the ultimate money, not to be trifled with.
The article is headlined "La France Est-Elle en Train d'Hypothequer Son Stock d'Or?" -- "Is France Mortgaging Its Gold Stock?" -- and it's posted at the Politique internet site here:
https://www.politiquemagazine.fr/economie/la-france-est-elle-en-train-dh...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA
* * *
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:
