Bloomberg has finally published an article on covert central bank gold buying (mainly by China)—a topic about which I have been disseminating evidence since February 2023.
No one is mentioning their buying the JPM high rise building for $750 Million a few years ago to get the gold vault there, with the tunnel to the Federal Reserve gold vault.
That is why I think Trump is using the Exchange Stabilization Fund to “un-encumber” our gold holdings which have been leased out, or outright sold, decades ago. That is why I think the LBMA was drained of gold recently to bolster our gold holdings in the US.
Nice work Jan ... We know who did the original work on this, even if BB chooses not to acknowledge it. Cheers John
How can Bloomberg do this? Outright theft. Appalling. I hope you have complained and requested proper attribution. Also I assume you will have seen this regarding gold overtaking the euro as a reserve asset: https://www.thetimes.com/business-money/economics/article/central-banks-bolster-gold-reserves-amid-geopolitical-tensions-vnndtxpvn
I saw that ;-) https://x.com/JanGold_/status/1932790421903622232
No one is mentioning their buying the JPM high rise building for $750 Million a few years ago to get the gold vault there, with the tunnel to the Federal Reserve gold vault.
Also bought the Barclays gold vault in London.
Very interesting. Here are links for those interested: https://nypost.com/2024/09/02/business/nyc-towers-put-final-touches-on-major-upgrades-as-they-buck-downtown-malaise/ ; https://www.theguardian.com/business/2016/may/16/barclays-sell-london-bullion-vault-to-chinese-bank-gold
That is why I think Trump is using the Exchange Stabilization Fund to “un-encumber” our gold holdings which have been leased out, or outright sold, decades ago. That is why I think the LBMA was drained of gold recently to bolster our gold holdings in the US.
You can sue them for plagiarism
I have better things to do with my time.