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Commodities Briefing - Categorized | Commodities Exchanges, Trading more

Commodities exchange trade steps forward towards insolvency

Posted on 16 November 2012

Venezuela was the first state to request back the physical gold it has stored outside of its borders, followed by Germany and Romania last month. Now, Ecuador is also requesting back its physical gold. What are all these states afraid of?
Officially, the two largest bodies in the world that hold the largest gold quantities are the Federal Reserve Bank of New York and the Bank of England, that store approximately 6,000 tons of gold. Most of the gold does not belong to these banks but to other external entities which are using the banks for storage services………………………………………..Full Article: Source

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