by Dave Kranzler, Investment Research Dynamics:
In a move that is much more significant and relevant than the Chinese interest rate cut news, it was revealed that Netherland’s Central Bank repatriated 120 tonnes of gold this year. The move was accounted for as a transfer of gold from the NY Fed to De Nederlandsche Bank (DNB). I say “accounted for” because I believe it is highly likely that the physical transfer took place from the GLD custodial vaults to the DNB. Here’s the article: LINK.
I think this also explains the 33 tonnes of gold that the U.S. military airlifted out of Ukraine: Original Source – Translated Version. (“Jesse” of Jesse’s Cafe Americain reminded about the Ukraine gold)
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