Loading ...Zero Hedge: Biggest monthly withdrawal of custodial gold from NY Fed since 2001
Submitted by cpowell on 04:47AM ET Sunday, November 30, 2014. Section: Daily Dispatches
12:45p GMT Sunday, November 30, 2014
Dear Friend of GATA and Gold:
Zero Hedge says the Federal Reserve Bank of New York’s custodial gold report for October shows a reduction of 42 tonnes, the biggest monthly withdrawal in 13 years, apparently representing some of the gold repatriation recently announced by the Netherlands central bank. If the Netherlands can repatriate so much gold at once, Zero Hedge notes, the German Bundesbank’s gold repatriation operation can be so clunky only because the Bundesbank doesn’t really want its gold back that much, or else faces more political trouble in repatriating it. Zero Hedge’s report is posted here:
http://www.zerohedge.com/news/2014-11-29/federal-reserve-confirms-bigges…