http://www.zerohedge.com/news/2013-01-14/does-bank-england-hold-%E2%82%AC235-million-irish-gold-reserves
The
Central Bank of Ireland continues to be queried about the status of the
Irish gold reserves. It has been reluctant to release information and
said that it is “not obliged” to release information due to certain
“rules and regulations”. Ireland's finance minister, Michael Noonan,
has also been asked about the country's gold vaulted at the Bank of
England, such as whether the gold is held in allocated form with a bar
list available and whether the gold is leased out into international
markets.
Answers are as of yet not forthcoming. The Sunday Independent,
Ireland’s best selling Sunday broadsheet covered the story yesterday in
an article (see news) published yesterday which is being widely shared
on the internet and commented upon: Bankrupt
Ireland owns six tonnes of gold, the bulk of which is held at the Bank
of England, it has been revealed. The Central Bank of Ireland said the
value of its gold holdings was €235m last time it checked. This
represents just over 1 per cent of its total investments. A spokeswoman
said the Central Bank was a party to the Washington Agreement on Gold,
which recognised gold as an important element of global monetary
reserves. She said the Central Bank had not entered into any lease
arrangements regarding any of its gold but would not provide specific
details of its storage arrangements with the Bank of England.
What are government's hiding? Was there a massive attempt to push the
gold price down, at one point, and now many governments, including the
US, do not have the gold they are reporting on their books?
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