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Guillermo Barba: A quarter of Mexico's gold reserve is 'unallocated' at Bank of England
12:33p ET Tuesday, March 7, 2017
Dear Friend of GATA and Gold:
Mexican financial journalist Guillermo Barba reports today that Mexico's central bank has finally provided him with a list of the bars of its gold reserve and has disclosed that nearly all its gold is held at the Bank of England and that about a quarter is held there on an "unallocated" basis. Presumably this gold has been leased into the market.
Barba urges the Bank of Mexico to recover the "unallocated" gold and repatriate at least half the reserves to Mexico.
Barba's report is headlined "The Bank of Mexico Reveals Its Gold Bar List" and it's posted at his internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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