You are here
Jan Nieuwenhuijs: Central banks admit they can regain solvency with gold revaluation
9p ET Thursday, August 3, 2023
Dear Friend of GATA and Gold:
Gold market researcher Jan Nieuwenhuijs notes today that some European central banks, particularly the Geman Bundesbank, openly acknowledge that national gold reserves, as registered in central bank gold revaluation accounts, are capable of restoring a central bank's solvency against any and all losses from their holdings of government bonds.
That is, for central banks with gold reserves, revaluing gold upward is a powerful mechanism of money creation -- and of currency and debt devaluation (call it repudiation if you'd like) -- and central banks with balance sheets showing losses may eventually be on the same side of the market as gold investors, and indeed already may be surreptitiously, as they are surreptitious in most important things they do.
This is essentially what the U.S. economists Paul Brodsky and Lee Quaintance wrote in a study brought to your attention by GATA 11 years ago --
https://www.gata.org/node/11373
-- and what the Scottish economist Peter Millar wrote in a study brought to your attention by GATA 16 years ago:
https://www.gata.org/node/4843
Nieuwenhuijs' analysis is headlined "German Central Bank:Gold Revaluation Account Underlies Soundness of Balance Sheet" and it's posted at the Gainesville Coins internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
.... ADVERTISEMENT ....
Buy metals at GoldMoney and enjoy international storage
GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry.
GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars.
To learn more, please visit:
http://www.goldmoney.com/?gmrefcode=gata
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, November 1-4, 2023
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
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:
