You are here

Macleod and Suchecki on the German gold controversy

Section: Daily Dispatches

5:51a PT Monday, January 20, 2014

Dear Friend of GATA and Gold:

Two analyses of the gold controversy in Germany are offered today, one by economist Alasdair Macleod, research director for GoldMoney, the other by the Perth Mint's Bron Suchecki.

Macleod writes: "Opaque bullion markets including leasing activities by central banks, look likely to become a public issue, in Germany if not elsewhere. This being the case, it is very likely that the Bundesbank will want to distance itself from all leasing activities in London for fear of being accused of not looking after the nation's gold responsibly." He adds: "Timing for a schism between central banks over gold could hardly be worse for them."

Macleod's commentary is headlined "The BaFin Enquiry into Deutsche Bank" and is posted at his Internet site, Finance and Economics, here:

http://www.financeandeconomics.org/the-bafin-enquiry-into-deutsche-bank/

Suchecki writes that he is inclined to the view of fund manager, author, and geopolitical strategist James G. Rickards that the Bundesbank really does not want to repatriate any of its gold and is just putting on a small show to pacify domestic political opinion. Suchecki criticizes the secrecy woven around Germany's gold by the Federal Reserve Bank of New York and the Bundesbank itself but doesn't seem to think that it implies that something is wrong. His commentary is headlined "Why the Bundesbank Is (Slowly) Repatriating (Some of) Its Gold" and it's posted his Internet site, GoldChat, here:

http://goldchat.blogspot.ca/2014/01/why-bundesbank-is-slowly-repatriatin...

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



ADVERTISEMENT

How to profit with silver --
and which stocks to buy now

Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million.

Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets.

To learn about this report, please visit:

http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...



Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
Sunday-Monday, January 19-20, 2014
Vancouver, British Columbia, Canada

http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...

GATA Reception in Vancouver
Free admission, cash bar
5-8 p.m. Monday, January 20, 2014
Lions Pub, 888 West Cordova St.
Vancouver, British Columbia, Canada

Mines and Money Hong Kong
Hong Kong Convention and Exhibition Centre
Monday-Friday, March 24-28, 2014
Hong Kong Special Administrative Region, China

http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and safeguards more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata