caption contestAccording to the official 2014 report, the BoE had 755 tonnes less gold in their vaults in February 2014 relative to February 2013.
However, when we look at UK’s net gold trade over this period (March 2013 – February 2014), we can see 1593 tonnes were exported.
GLD’s stock lost 451 tonnes over this period.
This leaves a gap of 392 tonnes (1593 minus 1201), which had to be supplied by additional LBMA or private vaults in London.



Submitted by Koos Jansen, In Gold We Trust:

The Bank Of England (BoE) just came out with their annual report 2014.   In the report it’s stated the BoE is the custodian of 5485 metric tonnes of gold (£140 billion pounds measured February 28, 2014).   From the BoE annual report 2014:

 

 

The Bank provides custodial services for a range of customers. As at 28 February 2014, total assets held by the Bank as custodian were £594bn, of which £140bn were holdings of gold.

 

 

In the BoE’s annual report 2013 it was stated they held 6240 tonnes of gold (£210 billion pounds measured February 28, 2013). From the BoE annual report 2013:

 

 

As part of this strategy the Bank also provides custodial services for a range of customers. As of 28 February 2013, total assets held by the Bank as custodian were £699 billion, of which £210 billion were holdings of gold.

 

 

(To calculate the tonnage I used a gold price of £1046.719 for February 2013 and £793.931 for February 2014)

 

 

According to the BoE they had 755 tonnes less gold in their vaults in February 2014 relative to February 2013 (in contrast to reports the BoE lost 1300 tonnes in 2013).   The BoE is a custodian for central banks and the LBMA, the removed gold from the vaults was most likely from LBMA customers. GLD’s gold inventory is vaulted in London, but I’m not positive how much, if any, of their gold is stored at the BoE. GLD’s stock lost 451 tonnes over this period.   If everything GLD lost came from their own HSBC vault, and nothing from their sub-custodian the BoE, the gold removed from both GLD and the BoE in total is 1206 tonnes.

 

However, when we look at UK’s net gold trade over this period (March 2013 – February 2014), we can see 1593 tonnes were exported.

 

REVOLUTION

 

UK Gold Trade 2009 - march 2014

 

 

This leaves a gap of 392 tonnes (1593 minus 1201), which had to be supplied by additional LBMA or private vaults in London.

 

The Real Asset Co. Buy Gold Online

  1. Maybe the Queen took that tour of the BoE gold vault a year ago to say goodbye to the hard won loot.
    Looks like Switzerland and Singapore are seen as better places to store Gold now that everyone knows London and New York are running so many ponzi’s.
    London and New York owe so much more in the various different flavors of paper IOU’s than they can ever repay in Gold.
    Interesting that Libya had 140+tonnes of Gold before the NATO annexation, and the ‘rebels’ had set a Western structured Central Bank up before Gadhafi’s body was cold .. never did hear about where that Gold went for ‘safe keeping’, but I am quite sure it is not in Libya.
     
    But those Libyans should feel secure in the fact that 140+ tonnes still show up on their IMF ledger as a tier 1 asset … it just ain’t physically in Libya! Just like Venezuela and Ecuador they were ROBBED! …but as long as they play ball with with the West then they get to keep it on their Ledger even though it is probably in Switzerland, Singapore or China.
     
    Only thing we really heard about that went missing from Libya was 20,000 heat seeking shoulder launched MANPADS that can shoot down commercial airliners at 10,000ft, so get ready for the false flag downing of airliners with people like Nigel Farage on board due to some more ‘rebel’ action … and the militarized police in Europe will have an excuse to get a little more tyrannous … but we will never hear about where the Gold went.

    • Gold?  What gold?  I didn’t see no steenking gold!  And besides, even if I did see it, it’s just a barbarous relic!  ;-)
       

  2. effn liars.  1- they dont own ANY gold.  The shit has been sold and rehypothecated about 100 times. 2 – why the eff  would anyone believe a report issued by a central bank?  all they do is obfuscate the bleeping truth.  3- 750?  seriously?  sooooo the thousands of billionairs in china are NOT buying gold?  30-40 billion dollars of gold is a drop in the proverbial bucket compared to the trillions of dollars floating around.  It would be more believable if it was 7500 tons of gold…

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