You are here

Gold manipulation is now so obvious it should embarrass the manipulators, Rickards says

Section: Daily Dispatches

8:30a HKT Friday, March 28, 2014

Dear Friend of GATA and Gold:

Fund manager, lawyer, geopolitical strategist, and author, the ubiquitious James G. Rickards, tells Sprott Money News this week that a forthcoming statistical study of prices on the New York Commodities Exchange demonstrates overwhelmingly that the gold price is manipulated and suppressed.

As described by Rickards, the study sounds similar to the one done by the late GATA board member Adrian Douglas in 2010:

http://www.gata.org/node/8918

"If I were running the manipulation," Rickards says, "I would actually be embarrassed at this point because it's so blatant."

Governments are involved in the manipulation, Rickards adds, and they work through the Bank for International Settlements, whose annual report, as GATA often has noted --

http://www.gata.org/node/12717

-- discloses that it intervenes in gold market constantly for its member central banks.

Indeed, Rickards says, he concurs with GATA that all major markets now are being manipulated, insofar as the Federal Reserve's manipulation of interest rates has the effect of "manipulating every market in the world, and therefore all the market signals we're getting are not really good signals. They're all the result of manipulation."

Rickards already had earned a tinfoil hat but for this one he gets a three-piece tinfoil suit and a whole collection of tinfoil ties.

Audio of the interview is 28 minutes long but there's a full transcript as well at the Sprott Money News Internet site here:

http://www.sprottmoney.com/news/ask-the-expert-james-rickards-march-2014

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata



Join GATA here:

Porter Stansberry Natural Resources Conference
AT&T Performing Arts Center
Margot and Bill Winspear Opera House
2403 Flora St., Dallas, Texas
Saturday, May 31, 2014

http://stansberrydallas.com/

Canadian Investor Conference 2014
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia
Sunday and Monday, June 1 and 2, 2014

http://cambridgehouse.com/event/25/canadian-investor-conference-2014-inc...

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16



ADVERTISEMENT

Silver mining stock report for 2014 comes with 1-ounce silver round

Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal in 2014, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

http://fmturl.com/gata/