Tag Archives: audit

Carney Blames Bush Admin For IRS Audit Scandal

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Why Did The Bundesbank Secretly Withdraw Two-Thirds Of Its London Gold?

Two days ago we reported that the German Court of Auditors demanded that the German Central Bank, the Bundesbank, verify and audit its official gold holdings consisting of 3,396 tons, held mostly offshore, namely New York, London and Paris, at least according … Continue reading

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FLASH: German gold report reveals secret sales that likely were part of swaps

With the Associated Press report appended here, the German gold audit story has just exploded into the English-language press with some important revelations: — The gold vaulted by the German central bank, the Bundesbank, with the Bank of England “has … Continue reading

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German Court Demands Bundesbank Audit Sovereign Gold Holdings

The German court of auditors (Bundesrechnungshof) has demanded that the Bundesbank undertake an audit of its gold reserves.  In an ‘audit-the-fed’ style effort, the court wants to ensure that the nearly 3400 tons of gold is in fact in existence – ‘because … Continue reading

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The Fed’s Gold Is Being Audited… By The US Treasury

When we started reading the LA Times article reporting that “the federal government has quietly been completing an audit of U.S. gold stored at the New York Fed” we couldn’t help but wonder when the gotcha moment would appear. It was about 15 paragraphs … Continue reading

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Biderman’s Daily Edge 6/6/2012: End Game Nearing for European Banks

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