| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Eurosystem Increases Its Allocated Official Gold Reserves – Koos Jansen
TND Guest Contributor: Chris Powell |
Many European central banks have begun issuing public reports distinguishing their gold in the vault from “unallocated” gold or gold receivables and they now claim very little unallocated gold, Bullion Star market analyst and GATA consultant Koos Jansen reports today. Jansen adds that the distinguishing has been done only for this year and that such data has not been made available for previous years. But the implications may be that the European central banks have been moving steadily toward achieving greater security for their gold reserves, that they are reducing their gold swapping and leasing, and even that a substantial change in the world financial system has drawn near. Gold market analysts will need to examine closely this change of policy and this new data.
Jansen’s analysis is headlined “Eurosystem Is Increasing Its Allocated Official Gold Reserves” and it’s posted at Bullion Star here:
https://www.bullionstar.com/blog/koos-jansen/eurosystem-is-increasing-it…
# # # #
About Chris Powell:
Mr. Powell has been managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, since 1974. He serves as the secretary/treasurer and a director of the Gold Anti-Trust Action Committee (GATA). Mr. Powell publishes GATA “dispatches” on stories relevant to the precious metals community: click here to access them and the GATA website. For additional information about precious metals, financial markets and the economy a 2 week free trial to GATA chairman Bill Murphy’s subscription service is available by clicking here. This article is reprinted on The News Doctors with permission.
Source: http://thenewsdoctors.com/eurosystem-increases-its-allocated-official-gold-reserves-koos-jansen/
