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Member of UK Parliament inquires about gold and silver market rigging

Section: Daily Dispatches

10:18a ET Monday, June 4, 2018

Dear Friend of GATA and Gold:

A member of the British Parliament, Jeremy Lefroy, wrote last week to the country's treasury department about manipulation of the gold and silver markets.

The exchange was publicized today by Rory Hall of the Daily Coin.

Lefroy wrote: "The manipulation of prices of commodities, which play a vital role both as intrinsic stores of value and as commodities used extensively in critical industrial applications (for instance, silver as an antibacterial), would be of the utmost concern. I would be grateful if you could advise what investigation HM Treasury has undertaken or proposes into such manipulation."

In April U.S. Rep. Alex X. Mooney, R-West Virginia, put to the U.S. Treasury and Federal Reserve some very specific questions about U.S. government involvement in gold and silver market rigging:

Of course no one is holding his breath in anticipation of quick and honest answers from government officials on this highly sensitive subject, but the more such questions are posed, the more difficult market manipulation becomes.

The Daily Coin's report about the inquiry in Britain is here:

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


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