29
October
Chink of light shed on NY Fed gold
29 October 2010 The Financial Times
The world’s largest storer of gold, the Federal Reserve Bank of New York, has said it holds bullion from far fewer countries than it had previously reported, shedding a rare chink of light on the opaque activities of central banks in the gold market.
Central banks have helped drive prices to all-time nominal highs by becoming net buyers of bullion this year for the first time in 22 years. But trades by central banks are often secret – as is where they store their vast gold reserves.
http://www.ft.com/cms/s/0/15bc74ea-e2b0-11df-8a58-00144feabdc0.html
