Exclusive: Bank Of England To The Fed: “No Indication Should, Of Course, Be Given To The Bundesbank…”
Friday, November 9, 2012 15:20
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from Zero Hedge:
“Recently, Johnson Matthey have put 172 “bad delivery” U.S. Assay Office bars into good delivery form for account of the Deutsche Bundesbank. These bars formed part of recent shipments by the Federal Reserve Bank to provide gold in London in repayment of swaps with the Bundesbank. The out-turn of the re-melting showed a loss in fine ounces terms four times greater than the gross weight loss… No indication should, of course, be given to the Bundesbank, or any other central bank holder of U.S. bars, as to the refiner’s views on them.”
May 1968
2012-11-09 15:19:55
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