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Does gold outflow from Bank of England signify distrust among central banks?
10a ET Thursday, June 19, 2014
Dear Friend of GATA and Gold:
Does the outflow of gold from the vault of the Bank of England, confirmed by a bank report this week --
http://www.gata.org/node/14100
-- signify repatriation of gold by central banks and a loss of trust among them as the fractional-reserve gold banking system comes under strain, the very thing that collapsed their gold price management system in the late 1960s and early 1970s?
That's the suspicion of a market letter issued by Hebba Alternative Investments in Baltimore and posted today at Seeking Alpha:
http://seekingalpha.com/article/2276753-bank-of-englands-quarterly-repor...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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