Since 2014 Foreign Central Banks Have Withdrawn 246 Tons Of Gold From The NY Fed
Posted by freedomforall 8 years, 8 months ago to Economics
"In ton terms, this means that after declining below 6000 tons in January, for the first time since FDR's infamous gold confiscation spree, the total physical gold held at the NY Fed dropped another 9.6 tons in July, down to 5,950 tons.
This is the lowest amount of gold held by the NY Fed in custody in decades, is the 18th consecutive month of flat or declining gold, and when added to previous outflows, amounts to 192 tons of gold withdrawn in the past 12 months, and a whopping 246 tons pulled since the start of 2014."
This is the lowest amount of gold held by the NY Fed in custody in decades, is the 18th consecutive month of flat or declining gold, and when added to previous outflows, amounts to 192 tons of gold withdrawn in the past 12 months, and a whopping 246 tons pulled since the start of 2014."
All Comments
- 4Posted by SaltyDog 8 years, 8 months agoNot only foreign governments are withdrawing their gold...the State of Texas announced it's intentions to do the same several months ago.| Permalink
