Bank of England may have sold 1300 tons since Jan!

[Unbeatable]

Just saw Keiser report with Alastair Macleod as the guest.
His breaking news was that the Bank of England may have let slip that they've leased 1300 tons of gold into the market since January.

I was surprised that they were able to keep the price down after Cyprus and the huge India & China demand, even with ETF outflows, this might explain it.

http://www.maxkeiser.com/2013/07/kr476-keiser-report-jihadist-safe-haven/

He starts talking about it at 18:30 into the interview

Edit: This is the link straight to Youtube

 

[Potemkin]

Rumours, words, stories... I would like to see EVIDENCE

 

[pmbug]

Hoo boy! If true, might this not partially explain the negative GOFO rates at the LBMA?

 

[rblong2us]

Rumours, words, stories... I would like to see EVIDENCE

if there was real evidence the POG would not be what it is .............

We are obliged to try and piece together the real story from little bits of data and rumour.

 

[Unbeatable]

Rumours, words, stories... I would like to see EVIDENCE

Yes you're right there really isn't enough 'evidence' that there is a shortage of physical gold and that western central banks have been leasing into the market to satiate that demand.

I don't know what I was thinking. I'll just wait for the Central Banks, Politicians, JPM or Goldman Sachs to release some hard evidence.
In the meantime I'll move all my money into a Deutsche Bank savings account denominated in Euros.