You are here
Central banks still can't afford to be too candid about gold price suppression
6:23p ET Monday, February 8, 2021
Dear Friend of GATA and Gold:
Our old friend C.W. took issue yesterday with the dispatch about the GATA-supporting analysis of Matterhorn Asset Managemenet's Matthew Piepenburg, which was posted at King World News and which, your secretary/treasurer wrote, indicated that investors are starting to recognize that market rigging by central banks is especially directed against gold and silver:
C.W. wrote: "But isn’t that the whole point of the rigging? It's so much more effective if investors recognize it is happening and who is doing it, which is why it is done on such a consistent and obvious basis.
"So I don't think that the general recognition of the rigging means we are closer to its end. Rather, it means it will be more effective as investors realize they can't win the battle with gold and silver and so invest elsewhere."
... Dispatch continues below ...
Transfer Assets and Own Gold and Silver Coins
and Bars in the Safest Way
GoldCore's mission statement since 2003 has been to protect and grow the wealth of our clients, and given growing monetary, cyber, and systemic risks, it is increasingly important to take delivery or have legal title and outright ownership of fully segregated coins and bars.
On all investment and pension purchases and gold and/or silver coin and bars transfers (from banks, ETFs, and digital gold providers) worth more than $10,000 stored in GoldCore Secure Storage in Zurich, Switzerland, we are now offering Secure Storage for free for six months and the gift of a silver bullion coin -- a beautiful, legal tender, 1-ounce Silver Eagle.
GoldCore does not report transactions to any authority, and safety, privacy, and confidentiality are paramount when we are entrusted with safekeeping of our clients' precious metals.
Please visit GoldCore here for more information about this offer:
https://info.goldcore.com/zurich-gold-silver-storage-goldcore-exclusive-...
Key information regarding GoldCore Secure Storage, our partner vaults and jurisdictions, and storage rates is here:
For further information, please email the GoldCore team at info@goldcore.com or call our trading desk:
U.S.: +1-302-635-1160
U.K.: +44(0)203-086-9200
International: +353(0)1-632-5010
Your secretary/treasurer had to agree with C.W. that central banks, having been forced into more blatant episodes of market rigging, may be glad if people realize, informally, that central banks will do whatever has to be done to defeat alternative currencies.
But, your secretary/treasurer added:
-- The scheme of the central banks doesn't work if people also start to realize that they can achieve and benefit from an alternative currency only if they avoid the futures markets, which central banks easily can control by virtue of their power to create infinite money and trade infinite amounts of things that don't exist.
-- Eventually, if the rigging gets too blatant, even mainstream financial news organizations might feel compelled to report about it and raise questions that central banks can't answer without putting themselves in political jeopardy.
-- Also eventually, if the rigging is generally understood around the world, nations that are not benefiting from it -- like nations where gold is produced -- may protest and even try to pull the plug on the rigging. Many smaller countries could pull the plug on it just by selling U.S. Treasuries and buying relatively small amounts of physical gold, since supply seems so tight.
That's why your secretary/treasurer was delighted to accept an invitation to speak at the Gold Week Africa Conference, originating in Lagos, Nigeria, from Feb. 15-18 and directed at the gold-producing nations of western Africa. Like South Africa, Zimbabwe, and most nations in Central and South America, west Africa is full of rich countries insisting on being poor, since they have allowed the developed countries to demonetize gold and rig the currency markets.
Sixty years ago African patriots arose to liberate their countries from Western imperialism that was easy to see. Today's Western imperialism in the developing world is more camouflaged but just as vicious. Maybe Africa still has patriots and they just need a little help piercing that camouflage.
Participation in the Gold Week Africa Conference is free upon registration. To learn more about it, please visit:
https://www.goldwestafrica.com/gold-week-africa
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
Join GATA here:
Gold Week Africa Conference
via internet from Lagos, Nigeria
Monday-Thursday, February 15-18, 2021
https://www.goldwestafrica.com/gold-week-africa
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
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:
