Like New York Fed, State refuses comment on transfer of Ukrainian gold
1:18p ET Wednesday, March 12, 2014
Dear Friend of GATA and Gold:
After two days of hectoring the U.S. State Department by telephone and e-mail, and doing so as a newspaper editor, your secretary/treasurer today recruited his U.S. representative's office to try to extract from State an answer to the question of whether the U.S. government has taken custody of Ukraine's gold reserves, as suggested by news reports like the one cited here:
At last at noon today came this cordial reply from Katherine Pfaff in State's press office:
"We refer you to the Federal Reserve Bank of New York on this."
Of course the New York Fed yesterday already had deflected the question to the National Bank of Ukraine:
All along your secretary/treasurer also has been querying not only the National Bank of Ukraine but also the Ukrainian embassy in Washington and the Ukrainian mission to the United Nations in New York. Of course no reply is expected, except maybe something like "Перейти ебать себе."
The difficulty in getting a straight answer here is pretty good evidence that the Ukrainian gold indeed has been sent to the United States.
We may have to leave further inquiry to bigger news organizations with greater resources, organizations that, unfortunately, remain too scared or controlled to get into the gold issue.
But what's really noteworthy here is how easy important journalism about gold would be for anyone attempting it. All one has to do is put the right critical and specific questions to central banks and other government agencies, whereupon they can only refuse to answer and run away, incriminating themselves.
No one in financial journalism or gold market commentary who has not attempted to put such questions to a central bank or other relevant government agency is worth listening to.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Safe and Private Allocated Bullion Storage In Singapore
Given the increasing risks in financial markets, it is more important than ever to own physical bullion coins and bars and to store them in the safest vaults in the world in the safest jurisdictions in the world. Gold advocates Jim Sinclair and Marc Faber have recommended Singapore.
Now, with GoldCore, you can own coins and bars in fully insured, segregated, and allocated accounts in Singapore with the ability to take delivery. Learn more by downloading GoldCore's Essential Guide To Storing Gold In Singapore:
And for more information call Daniel or Sharon at +44 203 0869200 in the United Kingdom or at +1 302 635 1160 in the United States. Or email them at email@example.com.
Join GATA here:
Mines and Money Hong Kong
Hong Kong Convention and Exhibition Centre
Monday-Friday, March 24-28, 2014
Hong Kong Special Administrative Region, China
Porter Stansberry Natural Resources Conference
AT&T Performing Arts Center
Margot and Bill Winspear Opera House
2403 Flora St., Dallas, Texas
Saturday, May 31, 2014
Canadian Investor Conference 2014
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia
Sunday and Monday, June 1 and 2, 2014
* * *
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
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:
To contribute to GATA, please visit: