logo
Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Ronan Manly: LBMA clearing and vaulting data reveal the absurdity of London 'gold' market

By cpowell
Created 2018-10-02 01:14

9:12p ET Monday, October 1, 2018

Dear Friend of GATA and Gold:

Bullion Star gold researcher Ronan Manly today returns to the monthly gold trading and vaulting data published by the London Bullion Market Association and calculates that 130 times more gold is traded in the LBMA system every month than exists as real metal.

Manly writes: "So next time you see the LBMA release clearing data and vault holdings data, as it does at the beginning of every month, it's worth picturing these two sets of data, not as two distinct datasets, but as two interrelated sets of data where a tiny amount of physical gold in London vaults 'underpins' vast amounts of trading in fictional 'gold,' and where mainstream financial journalists fear to tread or ask questions as to how this Ponzi scheme came into existence and has been allowed to go on for so long."

... Dispatch continues below ...



ADVERTISEMENT

Fisher Precious Metals is preparing and equipping
clients for the upcoming 'Everything Bubble'

Fisher Precious Metals, voted North America's bullion dealer of the year for 2018 and known for personal service and great pricing, has been helping Americans and Canadians protect their wealth with precious metals for more than a decade. Enjoying a five-star client rating across the internet with no complaints at the Better Business Bureau, the team at Fisher Precious Metals works hard to serve you.

We have helped thousands of clients in buying and selling bullion, arranging segregated and offshore storage, establishing precious metals IRAs, and obtaining certified precious metals appraisals. We provide security to our clients with our Bullion Authenticity Guarantee. We recommend that you read our article "How to Avoid Bullion Counterfeits":

https://fisherpreciousmetals.com/precious-metals/bullion-authentication/ [1]

As a family-owned business, we strive to help you assess your wealth-protection goals and overall investment objectives. From the new precious metals buyer to the seasoned bullion investor, we are here to help you with a no-pressure, confidential consultation. Rest assured that everyone in our firm owns physical precious metals and no one is compensated via commission -- period.

Fisher Precious Metals is your full-service precious metals investment partner for life. Please call us at 1-800-390-8576 or visit us here:

https://fisherpreciousmetals.com [2]



Manly's analysis is headlined "LBMA Clearing and Vaulting Data Reveal the Absurdity of the London 'Gold' Market" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/lbma-clearing-vaulting-dat... [3]

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org [4]

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow... [5]

* * *

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 [6]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [7]


Source URL:
http://www.gata.org/node/18529