Bank of England refuses comment on huge discrepancy in custodial gold reports

Former British Finance Minister and Prime Minister Gordon Brown infamously sold the country's gold reserves at rock-bottom prices in the late 1990's, now dubbed derisively as "Brown's Bottom."  He essentially robbed England of its treasury, further impoverishing the country.

Now, we find out the Bank of England has again sold off the family jewels, allegedly to help engineer the massive bear raid in paper gold--only to have it backfire on them as demand for physical gold soared, to the point where there are still severe shortages almost four months later.

Apparently, the powers-that-be in London, New York, and Washington, DC underestimated the purchasing power of billions of peasants and farmers in Asia when precious metals are discounted.

England and America have been pillaged--by our own central bankers.

http://www.gata.org/node/12859