Do the Western Central Banks Have Any Gold Left?

November 20th, 2012 by

The usual public reaction to someone saying that “there’s no gold in Ft. Knox” is to write them off, but what if that person manages $10 billion in assets? Would you tend to believe him then?

Eric Sprott is that person, and in his article “Do Western Central Banks Have Any Gold Left?” he walks you through the numbers, from supply, mining, and demand, and shows that they don’t add up unless the Central Banks have been selling/leasing/”loaning” their gold reserves on the down-low to keep gold prices lower than normal in order to forstall a panic.

A very thought-provoking piece that I urge you to read.

by David Peterson