Credit Agricole Issues Gold Report

Cheuvreux, the brokerage arm of the French Credit Agricole, has issued a report on the gold market. The Cheuvreux report cites Mises in three places (pages 4, 41, and 43). The report endorses the research of GATA, an organization that has been alleging central bank manipulation of the gold market. The major conclusion of the report is that the western central banks have sold a larger fraction of their gold reserves than they acknowledge in their offical statements.

      G. Richard Newell
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