Ronan Manly: New 'transparency' at Bank of England and LBMA likely means to help Comex obfuscate

Section:

8:42p ET Thursday, September 3, 2020

Dear Friend of GATA and Gold:

By starting to report their gold and silver vault holdings on a one-month instead of a three-month basis, Bullion Star gold researcher Ronan Manly writes today, the Bank of England and London Bullion Market Association are probably not doing any favors for the "transparency" they tout.

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Rather, Manly speculates, the Bank of England and LBMA are preparing to help the New York Commodities Exchange fudge its own daily vault holdings report as the Comex begins accepting a much broader range of gold bars and facilitates more vaulting and delivery in London.

Manly's analysis is headlined "London Gold Vault Bait-and-Switch as LBMA Prepares Bigger Changes" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/london-gold-vaults-bait-an...

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

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