Midas gang on fire tonite….gotta get this info into the tent

by Fullgoldcrown on April 30, 2007 on 18:22 pmNow the real bombshell is if you go to the ECB website at sdw.ecb.int/search.do?type=free&query=gold%2Breceivables

The title of the graph and data is

“Eurosystem reporting sector - Gold and gold receivables”

This data calculates out as the ECB having 11,162 t of gold and gold receivables. If you then search for just “gold” the chart and data has the title of “Official reserve assets, gold (including gold deposits and, if appropriate, gold swapped) - European Central Bank vis-a-vis Extra Euro area - Stock at the end of the period”. This is just over 10 Billion Euros which equates to just 635 t of gold stock physically in the vaults!!!

If this is true then 95% of ECB gold is being traded on the market and is a “receivable” so this gold is essentially gone and the title to it is being traded. The “sacrifice” of gold sales under the WAG agreement can then be interpreted as how much of their receivables they are prepared to settle for cash each year (write-off!)

No wonder the Cartel needs to get their hands on IMF gold!

I think it would be very beneficial to have Reg Howe take a look at this data.
Cheers
Adrian

Fullgoldcrown