Irish central bank raises doubt about its gold reserves

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by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

Dear Friend of GATA and Gold:

Bullion Star researcher Ronan Manly tonight reviews the Irish central bank’s habitual secrecy about its gold reserves even after its recent increase of those reserves by a third.

Manly writes: “Until such time as the Central Bank of Ireland comes clean and publishes full details of the location of its gold holdings and its current and historic gold lending positions, and a full weight list of all 640 of its London Good Delivery gold bars held, along with refiner serial number, refiner name, and fine troy ounce weight, the jury would be wise treat the unencumbered nature of this gold, and even its existence, with suspicion.”

Manly’s analysis is headlined “Irish Central Bank Raises Gold Reserves by 33%, Worried by Inflation” and it’s posted at Bullion Star here:

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CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Toast to a free gold market
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