BIS gold records may facilitate double counting

BIS gold records may facilitate double counting, study concludes

Submitted by cpowell on Wed, 2010-11-24 05:11. Section: Daily Dispatches

12:10a ET Wednesday, November 24, 2010

Dear Friend of GATA and Gold (and Silver):

The gold records and accounting procedures of the Bank for International Settlements, the central bank of the central banks, are ambiguous and confusing and seem to facilitate the double counting of central bank gold amid gold shortages, GATA researcher Robert Lambourne concludes in a study presented to the Gold Symposium in Sydney, Australia, on November 9. Lambourne's study has been posted at GATA's Internet site here:

http://www.gata.org/files/Lambourne-BISGold-11-09-2010.doc

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.