You are here

Ronan Manly: With the IMF, 'transparency' about gold sales means 'secrecy'

Section: Documentation

11:36a ET Friday, September 2, 2016

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly reports today that while the International Monetary Fund repeatedly has claimed to be "transparent" about its gold sales, the IMF actually has obscured and suppressed its records of the transactions and even admits that some records are being withheld indefinitely, against the agency's ordinary practice, because of their "sensitivity."

It is plain from Manly's research today that the IMF has been working closely with the Bank for International Settlements, other central banks, and bullion banks to move gold around the world and apply it to the markets as necessary for price control. Even the IMF's duplicity about "transparency" cannot conceal the price control scheme, since it still permeates some of its records that remain in the public archive.

Manly also acknowledges that the success of this scheme is largely a matter of the complicity of mainstream financial news organizations -- their refusal ever to put to any central banker any critical question about official involvement in the gold market.

Manly's analysis is headlined "IMF Gold Sales -- Where 'Transparency' Means 'Secrecy'" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/imf-gold-sales-transparenc...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



ADVERTISEMENT

Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore

Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.

Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.

Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.

Goldbroker.com is listed among GATA's recommended monetary metals dealers:

http://www.gata.org/node/173

To invest or learn more, please visit:

https://www.goldbroker.com/


Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.html

Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

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

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

http://tinyurl.com/zr4tjuc

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