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Ronan Manly: The strange case of European gold reserves purportedly vaulted in Canada
11p ET Monday, November 4, 2024
Dear Friend of GATA and Gold:
Gold researcher Ronan Manly today tells the strange story of gold reserves from the Netherlands, Switzerland, Sweden, and Belgium that purportedly long have been vaulted at the Bank of Canada in Ottawa.
It's strange because World War II is over, Ottawa is not a gold trading center, the Bank of Canada itself no longer has any gold reserves, and the bank's headquarters was gutted and renovated a decade ago and everything in it was reportedly moved out.
So where is that Dutch, Swiss, Swedish, and Belgian gold?
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Has it been repatriated? Has it beenmoved a couple of miles away to the Royal Canadian Mint for storage, or maybe lending? Has it been hypothecated in the great game of musical chairs that Western governments often seem to be playing with their gold reserves?
As is typical of central bank transparency, answers are not forthcoming
Manly's commentary is headlined "Gold Gone AWOL? The Curious Case of Foreign Central Banks' Gold Stored in Canada" and it's posted at Manly's new page at Medium here:
You'll have to create a Medium account to read it, but it's free and painless.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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