Bank of Mexico reveals the storage locations of its nation's gold

Unlike the Reserve Bank of Australia (RBA), The Central Bank of Mexico has just revealed in which countries it stores its nation's gold. Suffice to say, like most lap dogs of Western Imperial powers, it stores it's gold outside of its direct control. 

See these posts for my attempts the elicit same information from the RBA.

here, here & here

From El Blog de Guillermo Barba

Source

Last year the story went around the world: Banco de México (Banxico) refused to reveal in what country its reserves of gold were stored. Mexico was on the world stage as regards gold, after it purchased 93 tonnes, and rose in the global ranking of gold reserves calculated by the World Gold Council.

Today, thanks to the Federal Transparency Law, Banxico has become perhaps the first central bank to reveal in writing the amounts of its gold holdings as well as the names of its custodians and the locations where it s gold holdings are supposedly held.

It was quite difficult to obtain this information, for the Bank refused again and again to hand over the information until compelled to do so by a ruling of its own “Department of Management for Rules Control”, which is the entity in charge of dealing with appeals presented as “Appeals for Revision”.

The wrangling went on for four months, during which Banxico insisted that it was necessary to classify as “Reserved” all information refering to its gold position; it claimed that revelations might “harm the financial, economic or monetary stability of the country”.

Once the four cases were resolved favorably, the Liaison Unit of the central bank notified this journalist through the following documents: REF.: 22.25.2012, I22.27.2012, I22.28.2012 y REF.:I22.29.2012, as follows:

• “At month’s end, April 2012, Banco de Mexico maintained a position in fine gold of 4,034,802 ounces, of which only 194,539 ounces are located in the territory of the United Mexican States.”   

• Banxico “has been informed and knows the specific location of the gold position that forms part of its reserve of International assets”

• The countries where these reserves are located are “United States of America, England and Mexico.” And also, “the acquisitions of gold during March and April 2012 are under custody in England”.

• And besides, it is precisely there in “the city of London, England, where more than 99% of the gold which the Bank of Mexico maintains outside the country is presently under custody…”