2011-06-23gata.org

``"Mr. Woods noted that the Vice Governor of the Belgian Central Bank said that 43 percent of the bank's remaining gold reserves have been lent out. Despite our antipathy to the argument that GATA has been making for years that much of the world's reservable gold has been put out on lending programs, this number caught our attention. Neither we, nor John, know of any central bank that has admitted putting this much gold out on loan. What then of the Bank of France, or the Bank of Italy, or the ECB itself? Suddenly our interest is piqued.''



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