French magazine challenges Banque de France's gold lending plans


12:45p ET Wednesday, February 6, 2019

Dear Friend of GATA and Gold:

Politique magazine in Paris this week published a report by Edouard Freval about the Banque de France's new interest in lending and swapping gold through JPMorganChase & Co. even as credit and currency risks are rising and other central banks are acquiring the monetary metal to guard against those risks.

The report quotes former French central bankers criticizing the scheme. It also quotes your secretary/treasurer at some length.

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Even when read in English through Google Translator the report does very well casting suspicion on the Banque de France's scheme and reminding readers that gold is the ultimate money, not to be trifled with.

The article is headlined "La France Est-Elle en Train d'Hypothequer Son Stock d'Or?" -- "Is France Mortgaging Its Gold Stock?" -- and it's posted at the Politique internet site here:

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

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