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This is worth a read!Bundesbank slashed London Gold holding in...

  1. 608 Posts.
    This is worth a read!

    Bundesbank slashed London Gold holding in Mystery move.

    http://www.telegraph.co.uk/finance/financialcrisis/9631962/Bundesbank-slashed-London-gold-holdings-in-mystery-m

    Peter Hambro, chair of the UK-listed gold miner Petropavlovsk, said the Bundesbank may have withdrawn its bullion in self-protection since it did not, apparently, have its own specifically allocated bars in London. "They may have decided that the Bank of England had lent out too much gold, and decided it was safer to bring theirs home. This is about the identification. Can you identify your own allocated gold, or are you just a general creditor with a metal account?"

    By the way COL read your stuff and work it out!!!
 
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