You are here
FT columnist acknowledges 'systematic market rigging' by central banks
1:29p ET Monday, October 5, 2015
Dear Friend of GATA and Gold:
GoldCore's Mark O'Byrne today --
-- calls attention to commentary published last month in the Financial Times about the latest quarterly report from the Bank for International Settlements, in which the BIS noted that financial markets lately have been responding mainly to interest-rate pronouncements by central banks.
The FT commentary, written by the newspaper's veteran columnist, John Plender, published September 15 and headlined "BIS Breathes New Life into Calls for Rate Rises" --
-- said the BIS report "will also have struck a chord with those investors who are weary of trying to make sense of a world where markets have been systematically rigged by central bankers."
... Dispatch continues below ...
We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth
With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.
Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.
Crucial guides to storage in Singapore and Switzerland can be read here:
GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.
Email the GoldCore team at firstname.lastname@example.org or call our trading desk:
UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.
Visit us at: http://www.goldcore.com
Despite his subscription to the FT, your secretary/treasurer missed Plender's commentary.
That "markets have been systematically rigged by central bankers" is a story that has yet to be pursued by the Financial Times and other mainstream financial news organizations, despite GATA's peppering them for many years with documentation of that rigging, particularly in regard to gold but also in regard to other markets, documentation summarized here:
GoldCore's O'Byrne notes that market rigging by central banks is "a charge for which we and others have been ridiculed for making in the past."
So is Plender angling for a tinfoil hat? Would the FT permit him to wear it? Would the FT ever dare to commit actual journalism about surreptitious central bank intervention in the markets, including the gold market?
You can help try to get answers to these questions. Please e-mail Plender at email@example.com, congratulate him on his insight, and encourage him to urge the FT to put someone on the market-rigging beat. The newspaper already has plenty of material. It lacks only the courage and integrity to publish it.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015
The Silver Summit and Resource Expo 2015
Park Central Hotel, San Francisco, California
Monday-Tuesday, November 23-24, 2015
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
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:
To contribute to GATA, please visit: