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Has the U.S. just stripped Ukraine of its gold reserves?
7:32p ET Sunday, July 17, 2022
Dear Friend of GATA and Gold:
Eight years ago as Russia seized Crimea from Ukraine, Ukraine's gold appeared to have been hastily shipped to the United States. Nobody in authority would deny it:
Today the Ukrainian central bank acknowledged that $12 billion of its gold reserves recently was sold under pressure of the war with Russia that began this year:
Since Russia began its attack on Ukraine's non-Crimean territory in February, the United States and its allies have appropriated tens of billions of dollars in military and humanitarian aid to Ukraine. So why would Ukraine need to sell its gold reserves unless doing so was a condition of all that U.S. and European assistance, especially since the United States already had taken custody of the Ukrainian gold?
Stripping the wounded of their valuables in wartime always suggests greed or desperation -- like desperation to keep the gold price down to support the U.S. dollar and other Western currencies.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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