Brazil has no gold reserves, just claims against bullion banks, Goldcore discloses |  |
Gorecore reports today that Brazil's gold reserves really aren't gold reserves at all but just "deposits" with -- claims against -- bullion banks. Can the Banco Central do Brasil really be unaware of the Western central bank gold price suppression scheme? Or is this insult to Brazil's sovereignty the price of admission to the scheme and to the fraternity of Western central banking? These are compelling questions for financial journalism in Brazil. Goldcore's disclosure is contained in its daily commentary here:
http://www.goldcore.com/goldcore_blog/brazil-gold-reserves-fixed-term-go...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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