Why is Germany harassing the U.S. government about gold?
4:47p PT Thursday, January 16, 2014
Dear Friend of GATA and Gold:
Goldbugs long have been inclined toward the paranoia evoked by the apocryphal story about the two psychiatrists who passed each other in the hallway of a mental hospital: One said "hello" and the other thought, "I wonder what he meant by that."
Of course the first psychiatrist may have meant only "hello," even if he was glad not to have to talk about the patient of the second psychiatrist who had been admitted for claiming to be Princess Anastasia and who, after extensive treatment, had learned Russian. But plenty really has been going on with gold behind the scenes for many years, and it is no longer paranoid to figure that Germany is playing a big part in it.
Indeed, that Germany is likely getting aggressive in the great gold game was signified by the dispatch from Bloomberg News on the speech given today by the president of Germany's Federal Financial Supervisory Authority, Elke Koenig, about the potential seriousness of gold and currency market manipulation:
This comes on top of the German Bundesbank's awkward and spectacularly unsuccessful but wonderfully publicized efforts to repatriate the gold it thought it long had deposited with the Federal Reserve Bank of New York.
... Dispatch continues below ...
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Die-hard supporters of gold market manipulation -- that is, gold price suppression -- don't try removing their gold from the control of the perpetrators of price suppression. And surely the Federal Financial Supervisory Authority, an agency of the German government, knows that the investment banks it has acknowledged investigating are only intermediaries for the main instigators of gold price suppression, the Western central banks and particularly the U.S. government, whose rigging of the gold market is both a matter of accepted history into the 1970s and extensive documentation since then:
So Germany seems to be harassing the U.S. government about gold and making gold price suppression a little harder without quite pulling the plug on it, as almost any major government in the world could do by selling dollars and buying gold or by issuing a mere press release acknowledging the surreptitious policy.
Like the psychiatrist greeted by his colleague in the hallway of the mental hospital, we may wonder what Germany means by this. Of course Washington probably knows already, even if neither Bloomberg News nor any other mainstream financial news organization has yet quite worked up the courage to ask.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminars from 2 to 6 p.m. Saturday, January 25, at the Clarion Inn Asheville, 550 Airport Road, Fletcher, North Carolina, and from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required.
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