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Ronan Manly: Where's the bulk of the gold supposedly held at West Point?

Section: Daily Dispatches

3p ET Friday, May 10, 2019

Dear Friend of GATA and Gold:

Bullion Star gold researcher Ronan Manly wonders today why the U.S. Mint at West Point, New York, periodically displays its working vault for coin manufacture but never the 11 storage vaults in which most of the U.S. Treasury gold held at West Point is purportedly stored.

Manly writes: "The constant references by the U.S. Mint to 54 million ounces of gold held in storage for the U.S. Treasury while showing the visiting media gold bars used in the bullion coin-minting process -- that are stored in a completely different room -- is a disingenuous and misleading exercise by the West Point mint. On their periodic outings to the West Point facility, the visiting media could at least question why they are only ever shown a working vault housing gold bar inputs into the mint's bullion coin programs, and not even the corridors and 11 compartment doors where the 54 million ounces of deep-storage gold are claimed to be held."

Manly's commentary is headlined "The Only Gold the U.S. Shows -- A Working Vault at West Point" and it's posted at Bullion Star here:

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


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