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Ronan Manly: With the IMF, 'transparency' about gold sales means 'secrecy'

Section: Documentation

11:36a ET Friday, September 2, 2016

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly reports today that while the International Monetary Fund repeatedly has claimed to be "transparent" about its gold sales, the IMF actually has obscured and suppressed its records of the transactions and even admits that some records are being withheld indefinitely, against the agency's ordinary practice, because of their "sensitivity."

It is plain from Manly's research today that the IMF has been working closely with the Bank for International Settlements, other central banks, and bullion banks to move gold around the world and apply it to the markets as necessary for price control. Even the IMF's duplicity about "transparency" cannot conceal the price control scheme, since it still permeates some of its records that remain in the public archive.

Manly also acknowledges that the success of this scheme is largely a matter of the complicity of mainstream financial news organizations -- their refusal ever to put to any central banker any critical question about official involvement in the gold market.

Manly's analysis is headlined "IMF Gold Sales -- Where 'Transparency' Means 'Secrecy'" and it's posted at Bullion Star here:

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


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