Central banks have rigged gold for decades, Rickards tells interviewer

Section:

1p ET Sunday, December 12, 2010

Dear Friend of GATA and Gold (and Silver):

Western central banks have been surreptitiously manipulating the gold market for 60 years, market analyst James G. Rickards tells the German journalist Lars Schall in a wide-ranging interview published at ChaosTheorien today.

Central banks, Rickards tells Schall, "like to say that they don't have gold activities and denigrate the role of gold in international financial transactions. But in fact they are active. ... When you try to manipulate the market, the more secrecy the better."

Schall's interview with Rickards also covers the international currency war between the dollar and euro blocs and China and emphasizes the risk to Germany in continuing to keep the bulk of its gold reserves in the United States.

The interview is headlined "The Central Banks Don't Consider It Manipulation; They Consider It Part of Their Job" and you can find it at ChaosTheorien here:

http://www.chaostheorien.de/artikel?p_p_id=101_INSTANCE_haR1&p_p_lifecyc...

Or try this abbreviated link:

http://tinyurl.com/2f69ewd

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



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