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Ronan Manly: Most of Portugal's gold is being leased or swapped through the Bank of England
12:07p ET Friday, May 20, 2022
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly notes today that the grand tour of its gold vault given this week by Portugal's central bank only concealed the important information of the day, information not extracted by the starry-eyed journalists invited.
That is, Manly writes, the Portuguese central bank's accounts show that most of Portugal's gold, largely held in London, is being leased or swapped through the Bank of England.
Manly's analysis is headlined "Inside the Gold Vault of the Portuguese Central Bank" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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