----- Original Message -----
From: Gold Anti-Trust Action Committee
To: [EMAIL PROTECTED]
Sent: Wednesday, February 07, 2007 8:02 AM
Subject: [GATA] Central banks are becoming gold buyers, Blanchard & Co. says
Central banks are becoming gold buyers, Blanchard & Co. says
Submitted by cpowell on 06:02AM ET Wednesday, February 7, 2007. Section: Daily
Dispatches
Company Press Release
By Neal R. Ryan
Vice President and Director of Economic Research
Blanchard and Co. Inc., New Orleans
Wednesday, February 7, 2007
www.blanchardonline.com
According to recently updated IMF reserves statistics, some central banks have
begun purchasing significant quantities of gold over the past few months, in
stark contrast to the most recent figures available to the market, says Donald
W. Doyle, Chairman and CEO of Blanchard and Co. Inc.
The central banks of Russia, Kazakhstan, Greece, and the Philippines all have
added to gold held in reserve, according to figures updated February 5, 2007.
"The general trend of central bank activity regarding gold reserves has changed
a great deal in the past year," Doyle says. "For the first time in the seven
years of the program, banks affiliated with the Central Bank Gold Agreement
failed to reach sales quotas in 2006, and now, with updated IMF reserve data
just published, it is apparent that gold sales have slowed. In addition, the
much-anticipated and speculated-upon gold buying is finally emerging in the
market."
According to IMF statistics, Russia has added 7.45 tonnes to reserves,
Kazakhstan has added 7.38 tonnes, Greece has added 3.56 tonnes, and the
Philippines added 1.4 tonnes. While Russia stated publicly in 2006 that it
would increase its gold reserves substantially over the coming years, the moves
by other central banks were unexpected in the market, clearly a bullish signal,
Doyle remarked.
Blanchard and Co. Inc. is the largest and most respected retailer of American
rare coins and precious metals in the United States, serving more than 350,000
people with expert consultation and assistance in the acquisition of American
numismatic rarities and gold, silver, and platinum bullion. The Blanchard
Economic Research Unit is a key source of precious metals market analysis and
continues to be an important resource for financial and consumer media
throughout the United States. Blanchard and its predecessor companies have
called the New Orleans area home for more than 30 years. For more information
about the company, visit BlanchardGold.com or call the company toll free at
1-800-880-4653.
* * *
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Recommended Sites
Recommended Internet sites for daily monitoring of gold and precious metals
news and analysis.
Free sites:
http://www.jsmineset.com
http://www.cbs.marketwatch.com
http://www.mineweb.com/
http://www.gold-eagle.com/
http://www.kitco.com/
http://www.usagold.com/
http://www.usagold.com/amk/usagoldmarketupdate.html
http://www.GoldSeek.com/
http://www.GoldReview.com/
http://www.capitalupdates.com/
http://www.DailyReckoning.com
http://www.goldenbar.com/
http://www.silver-investor.com
http://www.thebulliondesk.com/
http://www.sharelynx.com/
http://www.mininglife.com/
http://www.financialsense.com
http://www.goldensextant.com
http://www.goldismoney.info/index.html
http://www.howestreet.com
http://www.depression2.tv
http://www.moneyfiles.org/
http://www.howestreet.com
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.goldcolony.com
http://www.miningstocks.com
http://www.mineralstox.com
http://www.freemarketnews.com
http://www.321gold.com
http://www.SilverSeek.com
http://www.investmentrarities.com
http://www.kereport.com
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm
(In English)
http://www.resourceinvestor.com
http://www.miningmx.com
http://www.prudentbear.com
http://www.dollarcollapse.com
http://www.kitcocasey.com
http://000999.forumactif.com/
http://www.golddrivers.com/
http://www.goldpennystocks.com/
http://www.oroyfinanzas.com/
Subscription sites:
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http://www.goldinsider.com/
http://www.hsletter.com
http://www.interventionalanalysis.com
http://www.investmentindicators.com/
http://www.caseyresearch.com/
Eagle Ranch discussion site:
http://os2eagle.net/SSL/phpentry.php
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
Recommended Gold & Bullion Dealers
Coin and precious metals dealers who have supported GATA
and been recommended by our members:
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
http://www.blanchardonline.com
Centennial Precious Metals
Box 460009
Denver, Colorado 80246-0009
1-800-869-5115
http://www.USAGOLD.com
Michael Kosares, Proprietor
[EMAIL PROTECTED]
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
http://www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
[EMAIL PROTECTED]
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
http://www.eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
[EMAIL PROTECTED]
Gold & Silver Investments Ltd.
63 Fitzwilliam Square
Dublin 2, Ireland
...and
Tower 42, Level 7
25 Old Broad St.
London, EC2N 1HN
United Kingdom
Local Call Ireland: 1-850-GOLD-IE
UK phone: +44 (0) 207-060-4653
International: +353 1-632-5010
Fax: +353-1-6619664
www.gold.ie
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
http://www.gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
[EMAIL PROTECTED]
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
...and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
http://www.kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
http://www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
[EMAIL PROTECTED]
Lone Star Silver Exchange
Suite 635, 3521 Oak Lawn Ave.
Dallas, Texas 75219
214-632-8869
http://www.discountsilverclub.com
MRCS Canada
12303-118 Ave. NW
Edmonton, Alberta T5L 2K2
Canada
http://www.mrcscanada.com
Michael Riedel, Proprietor
1-877-TRY-MRCS
1-877-879-6727
[EMAIL PROTECTED]
Miles Franklin Ltd.
1001 Twelve Oaks Center Drive
Suite 1028
Wayzata, MN 55391
1-800-822-8080
http://www.milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
[EMAIL PROTECTED]
314-965-9797
1-800-280-9797
http://www.mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
[EMAIL PROTECTED]
http://www.buysilvernow.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
[EMAIL PROTECTED]
The Moneychanger
Box 178
Westpoint, Tennessee 38486
http://www.the-moneychanger.com
Franklin Sanders
1-888-218-9226, 931-766-6066
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