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IPFS News Link • Precious Metals

Half of gold in central banks gone?

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

Comment by hatchcar
Entered on:

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:

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)

Anarchapulco 2023