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Nico Simons: LBMA is the front for gold market rigging by central banks
1:51p ET Tuesday, August 15, 2017
Dear Friend of GATA and Gold:
Dutch financial journalist Nico Simons today compiles admissions of central bank involvement with the gold market and concludes that the London Bullion Market Association is just a front for central bank rigging of the price of the monetary metal.
The LBMA, Simons writes, provides central banks with the secrecy necessary for market rigging and this rigging, not any free market, determines the gold price.
Simons' analysis is headlined "The LBMA Is a Ploy of the Central Bank Community" and it's posted in PDF format at Money Insights here:
http://moneyinsights.org/wp-content/uploads/20170815-The-LBMA-is-a-ploy-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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