Disposition of Italy's gold disclosed: New York Fed has half

Submitted by cpowell on 08:16AM ET Friday, May 2, 2014. Section: Daily Dispatches

11:14a ET Friday, May 2, 2014

Dear Friend of GATA and Gold:

Writing today's commentary for GoldCore, GATA consultant Ronan Manly discloses that about half of Italy's gold reserve, supposedly the world's third largest, has been vaulted at the Federal Reserve Bank of New York, with smaller amounts vaulted with the Bank of England in London and the Bank for International Settlements, which keeps its members' gold at the Swiss National Bank in Bern. Manly's report is headlined "GoldCore Reports Half of Italy's Gold is Held in New York Fed Vault; Is Repatriation Possible?" and it's posted at GoldCore here:

http://www.goldcore.com/goldcore_blog/GoldCore_Reports_Half_of_Italy_s_G...