Half of gold in central banks gone?

01-29-2008 • WorldNetDaily.com

U.S. central banks may have less than half the gold they claim to possess in their vaults, charges a watchdog group in an ad scheduled for publication in the Wall Street Journal this week.

2 Comments in Response to Half of gold in central banks gone?

Comment by hatchcar

Entered on: 1/30/2008 7:32:29 AM

Ernie, I saw the writing on the wall 5 years ago, and bought it at $300/oz. Needless to say, it's been a nice ride. I placed it in my IRA, and just this month of Jan, it's earned over 7%.
I don't see much changing. Dollar will continue to tank, and people will take the flight to quality.
Cental banks have kept gold down for a long time. This is good news indeed.

Comment by Ernest Hancock

Entered on: 1/29/2008 10:32:55 PM

This article has helped me understand how "Gold Leasing" has turned gold into 'paper'. I had come to understand that gold leasing did that but now I can explain it better to others. (Time to go buy more gold)

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