Mark Williams – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Mark Williams on 2014-06-04.

To ask Mr Chancellor of the Exchequer, whether the Bank of England has engaged in any selling, leasing, loaning, hypothecating or re-hypothecating either independently or in conjunction with other parties, which could have had the effect of lowering or suppressing the quoted market price of gold since May 2010.

Andrea Leadsom

The Bank of England has not been active in the gold market during or since May 2010, either in its own capacity, or acting as agent for Her Majesty’s Treasury for the UK’s official reserves (the “Exchange Equalisation Account” or EEA).

As a result, the Bank did not engage in any selling, leasing, loaning, hypothecating or re-hypothecating of gold during this period.