Friday, July 01, 2011

Lifting Gold's Veil of Secrecy

Chris Wood, of brokerage firm CLSA Asia-Pacific Markets, broke a significant story recently when he reported that Belgium's central bank admitted to having loaned out 41% of bank's gold reserves as of the end of 2010.

The bank reportedly earned only 0.3% on those loans -- which also raises legitimate questions about why it made them. More importantly, we now have proof . . .

Full story at: The Motley Fool

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