Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Delivery

Ounce Gram
Gold £1460.78 £46.965
Silver £18.054 £0.5804

Updated 17:32 23/09/20

£ $

Rumours circulate Ukraine’s gold is gone

Duncan Richardson, News Editor
11 Mar 2014, 10:12 a.m.

There are rumours circulating that Ukraine’s gold has been airlifted out of Kiev. The story first surfaced in the pro-Russian newspaper Iskra and has since been picked up by a number of industry commentators.

William Kaye hedge fund manager out of Hong Kong and former Goldman Sachs employee suggested the decision would have been made by Stepan Kubiv the newly appointed head of the Ukrainian central bank.

“The United States installed a former banker in Ukraine who is very friendly to the West. He is also a guy with central bank experience. This would have been his first major decision to transport that gold out of Ukraine to the United States.”

Kaye was particularly outspoken and suggested that the Ukrainian gold could act as a down payment to the money promised form Washington.

“Now that’s 33 tons of gold which is worth somewhere between $1.5 billion - $2 billion. That would amount to a very nice down payment to the $5 billion that Assistant Secretary of State Victoria Nuland boasted that the United States has already spent in their efforts to destabilize Ukraine, and put in place their own unelected government.”

If the story is accurate, it raises further questions as to why Germany’s gold held in the New York Fed cannot be flown back to the Germany in the same way.

View original source at:

comments powered by Disqus