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Government Gold: Missing in Action

Posted on July 31, 2013

The Bank of England refuses to explain what appears to be a huge discrepancy in its accounting of the gold it holds in custody, a difference of as much as 1,200 tonnes between the total reported in the bank’s annual report in February and the total reported in a “virtual tour” of the bank posted this month at the bank’s Internet site.

By Chris Powell

Note by Lars Schall:

Yesterday, I wrote the following to the Bank of England:

Dear Ladies and Gentlemen,
my name is Lars Schall, I am a freelance journalist for finance from Germany.

Related to this news item posted at the web site of the Gold Anti-Trust Action Committee, GATA:

http://www.gata.org/node/12854,

I would like to ask if it’s true, as Mr. Alasdair Macleod said, that there has been a big reduction in the bank’s gold holdings from the bank’s annual report in February to the “more than 400,000 bars” now claimed in the “virtual tour” on the bank’s Internet site? Moreover, I would like to ask specifically if you could tell me the gold holdings reported in the annual report and the gold holdings currently or on a recent date?

Kind regards,
Lars Schall.

I received today an answer from the press office of the Bank of England. However, I am not allowed to quote from that e-mail, since it said at the beginning: NOT FOR QUOTATION OR ATTRIBUTION. Yet, take a look at this post by GATA’s Chris Powell; what I got confidentially, he got officially…

Dear Friend of GATA and Gold:

The Bank of England refuses to explain what appears to be a huge discrepancy in its accounting of the gold it holds in custody, a difference of as much as 1,200 tonnes between the total reported in the bank’s annual report in February and the total reported in a “virtual tour” of the bank posted this month at the bank’s Internet site:

http://www.bankofengland.co.uk/Pages/info/virtualtourapp.aspx

Continue Reading on www.larsschall.com

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7 thoughts on “Government Gold: Missing in Action

  1. lucky3511 says:

    Looks like UK has a government run something like Obama's. Clear & Open, political style.

  2. Phillip_in_TX says:

    What's 1,200 tonnes of missing gold among friends? It's not like someone STOLE it or something. I'm sure it was "just overlooked" and will be found at the end of a rainbow.

  3. Patriot-Research says:

    Audit Fort Knox…I would bet these vaults are completely empty! NWO is taking it ALL, and America is bankrupt…!!!

  4. david pasztor says:

    i bet 1,200 tons of gold are missing from ft. knox too! 😉

  5. 1baronrichsnot says:

    Who said we even had 1200 tonnes, you know of course that the long ton is 2200 lbs, not 2000. We may not even have a ton. My guess is, no we don't have that much. Even after Roosevelt confiscated the peoples gold in 1937, then sold it back to us at $400 per ounce and up. ( We got the best deal though, we paid them in dirty counterfit paper.

  6. When the German Republic tried to repatriate its own Gold back from Fort Knox duting the recent Euro Crisis, the U.S. Government refused to comply with their request saying that they could only repatriate it bit by tiny bit over the next seven years. That should tell you that they do not actually have much, or any Gold in Fort Knox. What do you think they have been running the Military-Industrial Complex on for the past 50 or more years ? the U.S. Mother Hubbard Cupboard is Bare just as it is in the Bank of England. I would suspect that the vaults of the Bank of England were emptied out by instructions from the Artful Dodger P.M. Tony Blair, and the following Brown guy. 'Dave' -Boy- Cameron, only found out after he was elected and given the Keys to the Empty U.K. Cupboard. When I worked in "The City" in 1955 they still had their Gold Reserves – it was checked every day.

  7. All the Central Banks, including the Bank of England and the Fed, and the majority of the other banks in the world, are owned and controlled by the rich, powerful criminals of the NWO Check out Fort Knox. It's empty. Now, where do YOU think the gold went.