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Grant Williams: The evidence of gold price suppression is everywhere
11:32p PT Tuesday, January 21, 2014
Dear Friend of GATA and Gold:
In the January edition of his "Things That Make You Go Hmmm. ..." letter, Singapore-based fund manager Grant Williams recapitulates the Western central bank gold price suppression scheme from the 1990s to the present, with emphasis on the German Bundesbank's making itself ridiculous this month as it purports to repatriate its gold from the Federal Reserve Bank of New York and the Banque de France. It is a great service to newcomers to the issue.
Williams concludes: "I firmly believe that in the years to come, when we look back at the great game being played in gold, we will pinpoint January 16, 2013, as the day when it all began to unravel. That day, the day the Bundesbank blinked and demanded its bullion, will be shown to be the beginning of the end of the gold price suppression scheme by the world's central banks; and then gold will go on to trade much, much higher.
"The evidence of suppression is everywhere, though most refuse to believe their elected officials are capable of such subterfuge. However, the recent numerous scandals in the financial world are slowly forcing people to realize that anything and everything can be manipulated. Libor, mortgage rates, FX -- all were shown to be rigged markets, but none of them has the importance that gold has at the center of the financial universe, yet all of them are far bigger markets than gold and therefore much harder to rig.
"Gold is a manipulated market. Period.
"2013 was the year that manipulation finally began to unravel.
"2014? Well, now, this could be the year that true price discovery begins in the gold market. If that turns out to be the case, it will be driven by a scramble to perfect ownership of physical gold; and to do that you will be forced to pay a lot more than $1,247 per ounce. Count on it."
Williams' letter is posted at the Mauldin Economics Internet site here:
http://www.mauldineconomics.com/ttmygh/that-was-the-weak-that-worked-part-3
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Jim Sinclair plans seminars in Asheville and Austin
Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminars from 2 to 6 p.m. Saturday, January 25, at the Clarion Inn Asheville, 550 Airport Road, Fletcher, North Carolina, and from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required.
Details for the Asheville seminar are posted at Sinclair's Internet site, JSMineSet.com, here:
http://www.jsmineset.com/2014/01/07/north-carolina-qa-session-venue-conf...
Details for the Austin seminar are posted at JSMineSet.com here:
http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/
Join GATA here:
Mines and Money Hong Kong
Hong Kong Convention and Exhibition Centre
Monday-Friday, March 24-28, 2014
Hong Kong Special Administrative Region, China
http://www.minesandmoney.com/hongkong/
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