Koos Jansen: A first glance at U.S. official gold reserves audits

Section:

9:35a HKT Thursday, March 27, 2014

Dear Friend of GATA and Gold:

Gold researcher and GATA consultant Koos Jansen today begins to examine in detail what have passed for audits of U.S. gold reserves in recent decades. The problem with these audits is that they don't extend past assertions that there is gold in the various vaults -- don't address whether the gold is oversubscribed, as through gold swaps with foreign central banks, arrangements for which the Federal Reserve has admitted to GATA, if inadvertently:

http://www.gata.org/node/7819

Jansen's commentary is headlined "A First Glance at U.S. Official Gold Reserves Audits" and it's posted at his Internet site, In Gold We Trust, here:

http://www.ingoldwetrust.ch/a-first-glance-on-us-official-gold-reserves-...

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



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