30 November 2014
29 November 2014
Switzerland Leads In Gold Sales Among Central Banks Since 1993
Although they are still among the top ten in total gold holdings, Switzerland has been one of the largest sellers of gold among official entities since 1993.
It is no surprise then that some of the people of Switzerland have taken to a referendum to provide their opinions on this to the Swiss National Bank.
With regard to the second chart, personally I do not believe that the World Gold Council estimates are correct for China at all, and probably Russia.
28 November 2014
Fed Earmarked Gold Holdings Continued to Decline In October
Nemo debet esse judex in propria causa.
Earmarked gold at the Federal Reserve dropped 42 tonnes for the month of October as foreign countries repatriate their gold.
Despite these declines the Fed's earmarked holdings are quite substantial to say the least.
One has to wonder why the German people are not able to get back their gold for seven years.
Why would the US raise such a fuss about returning it, if they still have over 6,000 tonnes of other people's gold in their accounts?
Are they 'managing' this gold held in custody? Are they receiving and sharing returns from it? Or is it just idly sitting their in storage?
Is it all still physically there, and unemcumbered by multiple claims?
Something does not quite add up. Let's check the latest audit. The Fed does not allow itself to be subject to independent audits. They demand our trust.
"Justice must not only be done, but must be seen to be done."
They are independent of the law, and beyond good and evil.
China Takes Out Another 52.5 Tonnes of Gold For the Week Through Shanghai
Week by week, month by month, physical gold is flowing from West to East.
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