Fed Chair Tight-Lipped on Foreign Nations’ Evacuation of Gold from U.S.

One anonymous central banker told Invesco that his country quietly repatriated its gold from London, and some 68% of the banks surveyed said they are keeping their gold reserve within their country's borders-up from 50% in 2020.

Asked Powell a series of simple and direct questions, including whether the Federal Reserve has recently repatriated gold to foreign nations, how much gold the central bank is holding now, and how much it held in 2022.

"The refusal of the chairman of the Federal Reserve Board even to acknowledge, much less reply to, the questions of a member of Congress about the repatriation of gold from the Federal Reserve Bank of New York confirms that something really big is going on with gold internationally," Powell said in an email to Headline USA. "The New York Fed long has disclosed, as a matter of routine, the amount of gold it vaults for other countries. Even now total volume of 6,331 metric tons of custodial gold is listed at the New York Fed's internet site." New York Fed's Historical Holdings for Governments Indeed, the Federal Reserve Bank of New York, or FRBNY, has listed an estimate for its total gold holdings online for more than a decade.

FRBNY listed statistics that were current as of 2015-508,000 gold bars weighing 6,350 tons-and before that, the FRBNY said it had approximately 530,000 gold bars weighing 6,700 tons as of 2012.

Has Ukrainian Gold Offset the Withdrawals of Other Nations? Such a scenario would explain news reports from 2014 about Ukraine's gold reserves being "Hastily airlifted" to the United States from Borispol Airport just east of Kyiv.

At the time, the New York Fed refused to answer questions from the Gold Anti-Trust Action Committee about whether it had taken possession of Ukraine's gold.

"The United States and its allies have appropriated tens of billions of dollars in military and humanitarian aid to Ukraine. So why would Ukraine need to sell its gold reserves unless doing so was a condition of all that U.S. and European assistance, especially since the United States already had taken custody of the Ukrainian gold?" Chris Powell asked in a July 2022 article.

https://headlineusa.com/fed-chair-tight-lipped-on-foreign-nations-evacuation-of-gold-from-u-s/