GATA’S CHRIS POWELL ON SUSPICIOUS ACTIVITY AT THE BOE AND JP MORGAN’S COMMODITY EXIT
AUGUST 11, 2013
Recently there was a discrepancy in the amount of gold reported to be held by the Bank of England. One page of the official website reported the bank held 505,000 gold bars. Another page featuring an interactive web app reported just over 400,000 bars. Chris Powell, co-founder of the Gold Anti Trust action committee, emailed the Bank of England to question the discrepancies. The bank of England officially responded stating “The number of bars mentioned in the app cannot be used to infer a change in the amount of custodial gold held by the Bank of England as the figure is deliberately non-specific.” RT’s Bob English discusses missing gold at the central bank of England with GATA’s Chirs Powell as well as gold manipulation by high frequency traders.