Eric Sprott and David Baker: Do Western central banks have any gold left?
Submitted by cpowell on Tue, 2012-10-02 20:43. Section: Daily Dispatches
4:40p ET Tuesday, October 2, 2012
Dear Friend of GATA and Gold:
Eric Sprott and Eric Baker of Sprott Asset Management in Toronto today examine gold demand and production trends, note that (as GATA often has noted) Western central banks obscure everything about their gold reserves and even allow themselves to count leased and swapped gold as if it's still in their vaults, and conclude that most Western central bank gold is probably gone. The Sprott-Baker commentary is headlined "Do Western Central Banks Have Any Gold Left?" and it's posted at GoldSeek here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Gold Anti-Trust Action Committee Inc.
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