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Former Fed and Treasury official endorses transparency for gold swaps and leases
11:40a ET Monday, January 28, 2013
Dear Friend of GATA and Gold:
Interviewed today by the German financial journalist Lars Schall, former Federal Reserve and Treasury Department official Edwin M. Truman seems to back away from his assertion to a World Bank and Bank for International Settlements conference last month (http://www.gata.org/node/12084) that the Washington Agreement on Gold was "the modern counterpart" of the gold price-rigging London Gold Pool of the 1960s. But Truman extends his call for greater transparency in central banking to encompass the gold swaps and leases that, according to a March 1999 report of the International Monetary Fund (http://www.gata.org/node/12016), are kept secret to facilitate secret intervention in the gold market.
The interview with Truman is posted at Schall's Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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