French Populist Leader Joins Gold Repatriation Campaign

1:16p ET Tuesday, November 25, 2014

Dear Friend of GATA and Gold:

Marine Le Pen, leader of the populist National Front political party in France and likely France’s next president if the country should last until another election, has picked up the gold repatriation issue by writing to the governor of the central bank, the Banque de France. Le Pen’s letter, translated from French to English, is posted at her party’s Internet site here:

https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&…

An official of the central bank disclosed last year that it is secretly trading gold for its own account and for other central banks “nearly on a daily basis”:

http://www.gata.org/node/13373

That same official said this month that central banks are managing their gold reserves “more actively” these days, while worrying more about “auditability,” perhaps since the gold sometimes is construed to be in more than one place at the same time:

http://www.gata.org/node/14716

As their national anthem enjoins the French: Aux armes, citoyens. Formez vos bataillons — particularly around the Banque de France.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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