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Ronan Manly: Central banks and governments and their gold coin holdings
1:20p ET Monday, June 13, 2016
Dear Friend of GATA and Gold:
Gold researcher Ronan Manly reports today that while central banks are understood to hold their gold reserves mainly in large bars, some central banks also hold a fairly substantial tonnage in gold coins. This, he writes, "demonstrates that central banks and sovereigns continue to view gold as a strategic reserve asset and as the ultimate money."
Manly concludes: "Luckily, private individuals too can replicate the holdings of these giants by also acquiring and accumulating gold bars and gold coins for the same reasons as sovereign entities and monetary authorities do. Doing as central banks do, not as they say, is certainly a better strategy than blind faith in today's distorting and reckless centrally planned monetary policies."
Manly's report is headlined "Central Banks and Governments and Their Gold Coin Holdings" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/ronan-manly/central-banks-and-governme...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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