[Debate] Dutch central bank admits 90% of its gold is abroad

[Riaz K Tayob]

Dear Friend of GATA and Gold:

Our friend the Dutch financial writer Jaco Schipper reports today that 
the president of the Netherlands central bank acknowledged this week on 
Dutch television that 90 percent of the nation's gold reserves is kept 
outside the country to facilitate sales. Dutch TV, Schipper adds, also 
interviewed geopolitical analyst James G. Rickards, author of the new 
book "Currency Wars," who spoke at GATA's London conference last August, 
and GATA's longtime supporter Willem Middelkoop, a fund manager and 
financial writer, who argued for repatriating the Dutch gold to protect 
it against expropriation by the U.S. government.

So GATA's issues are gaining prominence in Europe.

Schipper's commentary is headlined "90% of Dutch Gold Reserve Is Held 
Abroad," carries a link to video of the Dutch TV program "Nieuwsuur," 
where the Dutch gold reserve was discussed, and is posted at Schipper's 
Internet site, Market Update, here:

http://www.marketupdate.nl/nieuws/valutacrisis/90-of-dutch-gold-reserve-... 
<http://www.marketupdate.nl/nieuws/valutacrisis/90-of-dutch-gold-reserve-is-held-abroad/>

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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