PURCHASE AND RESALE OF GOLD IN SWITZERLAND

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R002200590010-6
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: November 9, 2016
• Document Release Date: February 2, 1999
• Sequence Number: 10
• Publication Date: January 1, 1948
• Content Type: REPORT

CENTRAL INTELLIGENCE AGENCY REPORT NO.
Sanitized - Approved For I
CLASSIFICATION
COUNTRY Switzerland/Yugoslavia/Hong Kong/Portu IL1(Vacao)/ DATE DISTR. A0 January 1949
Chile
SUBJECT Purchase and Reoa1e of Gold in Switaerlaad
PLACE
ACQUIRED
DATE OF IN
NO. OF PAGES1
25X1 A2
NO. OF ENCLS.
4 3 9 5 5
25X1A6a
SUPPLEMENT TO
REPORT NO.
25X1X6
1. In thor course of second half of 1948, the Swiss Bank Corporation (sic), Zurich,
25X1A6a
._._0 1 : It is not clear whether Schwoizerischer Bankverein or
Schi rische P~.nkgesellsohaft is meant) has purchased 50,000 kilograi a of
gold from the Yugoslav Goverment at- an average price of $46 per ounce. Most
of this gold was resold in transit to far eastern rarkets, principally to Macao
and Hong Kong.
2. Banco d3. Chile, Santiago.-Is offerl6g gold coins to Zurich dealers at $45 per
ounce,
Dgument No. __._
DELL I E?,---
Class. UnAN
DDA
Auth: DDA
Date; '17
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Sanitized - Approved For Release : CIA-RDP82-00457R002200590010-6