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Ronan Manly: Bank of England traded gold in 1980s to control price and made a profit
2:45p ET Saturday, February 28, 2015
Dear Friend of GATA and Gold:
The Bank of England was intimately involved with the daily London gold price fixings through the 1980s, long after the demise of the London Gold Pool price-control system, gold researcher and GATA consultant Ronan Manly reports today, adding that documents suggest that the bank was trading gold for its own account in order to help control the price and even boasted of making a profit doing so. Manly also reports that the bank today evades questions about this activity. His commentary is headlined "The Bank of England and the London Gold Fixings in the 1980s" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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