Glencairn Gold Corp fka CSM

[NYBob]

Courtesy of www.LeMetropoleCafe.com ....

Quote...

TO: Account Executives

FROM: NRR
DATE: January 22, 2007

Below is a press release we are putting out this morning.
This is the follow up to our recent research piece on the IMF
upcoming decision to publish central bank gold loan information.
The IMF has made the decision and will begin implementing this
procedure of new disclosure over the coming year.

Blanchard lauds IMF Central Bank gold lending accounting
change as industry landmark


Precious metals economic research entity has championed
this issue as key to adding even more transparency, price
growth to gold market

NEW ORLEANS (January 22, 2007) - 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.

"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 inaccurately 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 http://www.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.

Blanchard and Company, 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.

-END-

Without a doubt, should the central banks reveal the amount
of gold they have loaned out, this will rock the gold
market like nothing else in its history.
IMO the price could double in a very short period of time,
as market participants begin to understand THE GOLD IS GONE.
Now, we wait and see if this comes to pass.
What I don’t get is why the process should take any time at all.
Why should it take more than a week for central banks to
report on WHAT IS? There is nothing to research here??

For more on the subject of central bank lending and
the Blanchard Economic Research’s efforts:

http://www.blanchardonline.com/beru/lending_research_report_index.php


***
This is extremely large on its impact on GOLD ....
would love to be an auditor on Gold reserves ....
do some physical counts at fort knox etc....
think we all would be in for a shock -

Still what will happen to all leased out GOLD? -
Is that gone to gang members? -
Will any of it comeback? -
Is it still included in the accounts? -
My understanding more Gold than what its owned
has been leased out? -
still on the books to be written off as
bad loans? -
Dn not trust anything the 666 -
gets the long fingers on!?!

http://globalfire.tv/nj/07en/globalism/us_insolvent.htm

http://globalfire.tv/nj/06en/globalism/gold_conspiracy.htm

history repeat itself

It was reported last week that a second U.S. aircraft carrier,
the USS John C. Stennis, will arrive in the Middle East
in about one month, the first time since the U.S.-led Iraq war
in 2003 that the United States will have two carrier battle
groups in the region.
Gold to 10K/oz? -

http://www.informationliberation.com/
more info - click on Geopolitics

Gold Res. in the safest safety hard rock assets -
goes much higher in real value -
to be sep. from the paper fiatz$ -
falling off the cliff -
Cont. part. by Iveson & Sinclair

http://www.jsmineset.com/

http://www.investorshub.com/boards/board.asp?board_id=6155

http://www.investorshub.com/boards/board.asp?board_id=5399