Blanchard Lauds IMF Central Bank Gold Lending Accounting Change as Industry Land

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Precious Metals Economic Research Entity Has Championed This Issue as Key to Adding Even More Transparency, Price Growth to Gold Market


NEW ORLEANS, Jan. 22 /PRNewswire/ -- After months of inquiries and a hotly debated, in-depth position paper by its economic research unit, Blanchard and Company has learned that the International Monetary Fund has adopted a landmark accounting change to the way Central Banks account for their gold loans, giving this sector of the commodities market more transparency than it has ever had, the precious metals market leader announced today.
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"This is a huge step forward for the precious metals market and a major victory for the gold market investor," said Blanchard Chairman and CEO Donald W. Doyle, Jr. "Not since the Washington Agreement on gold in 1999 and the legalization of gold ownership for Chinese citizens in 2004 has there been such an important event in the advancement of the gold market."

Blanchard and Company has long stated that the IMF's accounting guidelines have allowed Central Banks and bullion banks to inaccuratoldy account for their gold loans, and the newly adopted accounting change means that Central Banks will no longer include the amount of gold they have loaned and sold into the market as part of their reserve total assets, Doyle said.

"Transparency has always been a central issue in the gold market for investors and analysts alike, but this decision by the IMF will greatly redress that issue as these accounting changes are implemented," Doyle said. "It also only adds more credence to our analysis that the precious metals markets are now poised to make long-term, steady price growth."

On December 14, 2006, Blanchard published "Gold Market Lending" on its website at mw801/論壇.blanchardgold.com/beru , and the industry buzzed for days. The paper, written by Blanchard's Director of Economic Research, Neal Ryan, provides exhaustive research analysis of how Central Bank transactions could affect the gold market if loan information was made in an accurate and timely fashion. While some misconstrued the information as research on market manipulation, the paper is instead specific to one issue -- IMF gold accounting procedures for Central Banks as being the most important component of gold market transparency.

"This is a wonderful development for the gold market because of the additional transparency that is created by the changes in IMF accounting regulations," Ryan said. "This is an issue that changes the entire landscape of the gold market for the betterment of all participants involved, because there is now data available that had never previously been published. A transparent market is a healthy market, and the gold market just got a lot healthier."

Ryan says it will take the IMF some time to institute the new accounting procedures, but the outlook for the gold market is a rosy one moving forward.

迷茫之鍊金術士

睡睡  在 2007-1-22 10:58 PM 發表:

Precious Metals Economic Research Entity Has Championed This Issue as Key to Adding Even More Transparency, Price Growth to Gold Market


NEW ORLEANS, Jan. 22 /PRNewswire/ -- After months of in ...

thank you

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國際貨幣基金組織IMF通過劃時代的會計制度，對于央行的黃金貸款方麵

"这是一个美妙的黄金市场的发展,因为增加的透明度带来的变化是国际货币基金组织会计法规,"赖恩说. "这是一个涉及到改变整个黄金市场来促进所有参与者, 因为目前的数据,从来没有公开发表. 一个透明的市场是一个健康的市场, 而刚刚获得大量透明數據的黄金市场更加健康. " 瑞安说,国际货币基金会将采取一些新的会计时间程序 但前景是向光明黄金市场迈进.

biantai06

TKS!

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IMF to make central bank gold lending data more transparent
By: Dorothy Kosich
Posted: '23-JAN-07 08:00' GMT © Mineweb 1997-2006



RENO, NV (Mineweb.com) --A Blanchard & Company study calling for greater transparency in central bank gold lending accounting has apparently helped to convince the International Monetary Fund to adopt a landmark accounting change in the way central banks account for gold loans.

The December 2006 study by Blanchard Vice President and Director of Economic Research Neal R. Ryan suggested that if more transparent governance was implemented in central bank gold lending, “gold prices will experience exponential growth because they will become a reflection of a fair and equitable market for all participants.”

“The IMF has essentially stated that they believe the market should receive correct accounting on loan information. The final test will be the implementation of the new accounting rules,” Ryan said at the time.

On Monday, New Orleans-based Blanchard announced that newly adopted IMF accounting changes mean that central banks will no longer include the amount of gold they have loaned and sold into the market as part of their reserve total assets,” according to Blanchard Chairman and CEO Donald W. Doyle, Jr.

Ryan declared that the IMF action “changes the entire landscape of the gold market for the betterment of all participants involved, because there is now data available that has never previously been published. A transparent market is a healthy market, and the gold market just got a lot healthier.” He added that it will take the IMF some time to institute the new accounting procedures.

Central banks have their purchases and sales of gold tallied by the IMF International Reserves and Foreign Currency Liquidity Statistics Department, and are updated every three months by the World Gold Council. Ryan asserted that while central banks report sales and purchases to the IMF, they do not report their levels of holdings on loans. He contends that “gold swaps between banks have just as large an impact on the market as gold loans, and even less is known about them in the marketplace.”

limche63

睡睡  在 2007-1-24 08:32 發表:

IMF to make central bank gold lending data more transparent
By: Dorothy Kosich
Posted: '23-JAN-07 08:00' GMT © Mineweb 1997-2006



RENO, NV (Mineweb.com) --A Blanchard & Compan ...

央行已經借出的實金  將來如何.............

依文.鍾

thx

金水水

对金有帮助的新闻真好.谢谢