Jan Skoyles: The Mexican standoff -- gold, Banxico, and the Bank of England

Section:

12:30p ET Wednesday, March 6, 2013

Dear Friend of GATA and Gold:

Picking up on financial journalist Guillermo Barba's report last month about clamor for the Bank of Mexico's phantom gold reserves to be audited (http://www.gata.org/node/12282) and Alasdair Macleod's calculation that the Bank of England can't be holding as much official gold as generally thought (http://www.gata.org/node/12294), Jan Skoyles of The Real Asset Co. in London today reflects on the dilemma facing central banks that get caught in their own or someone else's fractional-reserve gold banking system. Skoyles' commentary is titled "The Mexican Standoff: Gold, Banxico, and the Bank of England" and it's posted here:

http://therealasset.co.uk/mexico-gold-bars-banxico/

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



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