{"id":12941,"date":"2015-10-02T20:54:14","date_gmt":"2015-10-03T01:54:14","guid":{"rendered":"http:\/\/olduvai.ca\/?p=12941"},"modified":"2015-10-02T20:54:14","modified_gmt":"2015-10-03T01:54:14","slug":"central-banks-secrecy-and-silence-on-gold-storage-arrangements","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=12941","title":{"rendered":"Central Banks\u2019 secrecy and silence on gold storage arrangements"},"content":{"rendered":"<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"http:\/\/www.bullionstar.com\/blogs\/ronan-manly\/central-banks-secrecy-and-silence-on-gold-storage-arrangements\/\" target=\"_blank\">Central Banks\u2019 secrecy and silence on gold storage arrangements<\/a><\/h3>\n<\/header>\n<div class=\"content-middle-area-full\">\n<div class=\"entry-content\">\n<p>Whereas some central banks have become more forthcoming on where they claim their official gold reserves are stored (see my recent blog post \u2018<a href=\"https:\/\/www.bullionstar.com\/blogs\/ronan-manly\/central-bank-gold-at-the-bank-of-england\/\">Central bank gold at the Bank of England<\/a>\u2018), many of the world\u2019s central banks remain secretive in this regard, with some central bank staff saying that they are not allowed to provide this information, and some central banks just ignoring the question when asked.<\/p>\n<p>In the \u2018Central bank gold at the Bank of England\u2019 article, I said that \u201c<em>A number of central banks refuse to confirm the location of their gold reserves. I will document this in a future posting.<\/em>\u201d\u00a0As promised, this blog post explains what I meant by the above statement.<\/p>\n<p>Some of those central banks may have made it into the Bank of England storage list if they had been more transparent in providing gold storage information. However, since they weren\u2019t transparent, these banks make it into the alternative \u2018non-cooperative\u2019 list. One subset of this list is central banks, which to be fair to them, did actually respond and said that they cannot divulge gold storage information. The other subset is central banks which didn\u2019t reply at all when I asked them about their official gold storage location details.<\/p>\n<p>The below list, although not complete, highlights 7 central banks and 1 official sector financial institution (the BIS), which, when asked where do they store their gold reserves, responded with various similar phrases saying that they could not provide this information. Between them, these 7 central banks claim to hold 1,500 tonnes of gold. Adding in the BIS which represents another 900 tonnes, in total that\u2019s 2,400 tonnes of gold where the central banks in charge of that gold will not provide any information as to its whereabouts. Much of this 2,400 tonnes is no doubt stored (at least in name) at the FRBNY and the Bank of England, with some stored in the home countries of some of the central banks.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Central Banks\u2019 secrecy and silence on gold storage arrangements Whereas some central banks have become more forthcoming on where they claim their official gold reserves are stored (see my recent blog post \u2018Central bank gold at the Bank of England\u2018), many of the world\u2019s central banks remain secretive in this regard, with some central bank [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[56,8726,124,1294,9533,374,1865,9532,710],"class_list":["post-12941","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-england","tag-bullionstar-com","tag-central-banks","tag-federal-reserve-bank-of-new-york","tag-frbny","tag-gold","tag-gold-reserves","tag-gold-storage","tag-secrecy"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12941"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12941\/revisions"}],"predecessor-version":[{"id":12942,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12941\/revisions\/12942"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}