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Thursday, January 9, 2014

Bundesbank changes its story about gold repatriated from New York Fed | Gold Anti-Trust Action Committee

Submitted by cpowell on Wed, 2014-01-08 12:59. Section: Daily Dispatches
7:56 ET Tuesday, January 8, 2014

Dear Friend of GATA and Gold:

Rede Peter Boehringer
zur Entgegennahme der „Roland-Baader-Auszeichnung“
Alte Börse Hamburg, 31. Mai 2013
Peter Boehringer of the German Precious Metals Society and the Repatriate Our Gold campaign in Germany reports today that the Bundesbank appears to have changed its story about the 37 tonnes of German gold recently repatriated from the Federal Reserve Bank of New York.

While the Bundesbank first asserted that some of the gold bars were melted and recast before being returned to Germany --

-- thereby implying that the gold returned to Germany was not the gold originally deposited, the Bundesbank yesterday seems to have told the German magazine Wirtschafts Woche (Business Week) that the gold was not recast until it reached Germany. The Wirtschafts Woche report acknowledges concerns about gold market manipulation and cites market analyst and GATA consultant Dimitri Speck:

Boehringer writes about this at the German gold blog Goldseitenblog here:

We hope to have more in English about this soon.

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