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The Mexican Government Audit Office has issued an official statement, criticizing the Bank of Mexico for not auditing the gold it has supposedly bought and stored at the Bank of England. The auditors ask the Central Bank of Mexico to “make a physical inspection with the counterparty that has the gold under its custody, in order to be able to verify and validate its physical wholeness and compliance with the terms and conditions of dealing with this asset.
The Government Audit Office has concluded that 95% of the gold reserves of the Bank of Mexico are stored abroad and 99% of this gold is stored with the Bank of England. However, the Mexican central bank has never inspected the gold it bought, has not performed purity tests on it and doesn’t even have a list of all the gold bars stored in London. In their current state, Mexico’s gold reserves are no more than “paper gold” in the meaning that the Bank of Mexico doesn’t have any physical gold, but mere “claims” on a certain amount of gold supposedly held by the Bank of England.
I thought about that too and laughed. Strange things do happen.
Originally posted by Ranong
"Mexican President dies from cancer" 2015.
Look what happened to Chavez when he wanted an audit.
Seriously, the BOE is about as corrupt as they come
The BOE are totally responsible for the pound's devaluation
Years ago it was a gentleman's agreement between central banks that was enough with regards to gold holdings
reply to post by lacrimoniousfinale
And you have examples / evidence of this that you'd like to share with us, I guess.
Good luck with that Mexico.......There has been a lot of corruption in the Bank of England over the years. I wonder who walked off with their gold. I'm sure that gold from some other countries holdings will be temporarily reclassified as theirs for the investigation.edit on 18-3-2013 by rickymouse because: (no reason given)