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James Hanson: Finding a home for paper gold again
8:22a :Sunday, December 10, 2023
Dear Friend of GATA and Gold:
James Hanson, who recently retired as a financial analyst for the U.S. Federal Deposit Insurance Corp., has written an essay showing how U.S. regulators long have been striving to obscure the positions taken in gold derivatives by U.S. banks.
Hanson writes: "Manufactured prices of commodities devoid of fair price discovery cause misallocations of resources and penalize industry, employees, investors, and taxpayers. Furthermore, condoning obfuscation of gold as commodity activity can result in disruptions of supply chains, such as the 'aluminum shuffle' or 'copper as bullion' classification by the Office of the Comptroller of the Currency to permit banks to escape position limits."
The result is to make it nearly impossible for the world to see what the U.S. government and its agents are doing to undermine a currency competing with the U.S. dollar.
Hanson's analysis is titled "Finding a Home for Paper Gold Again" and is posted in PDF format here:
https://www.gata.org/sites/default/files/HansonEssay.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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| Attachment | Size |
|---|---|
 HansonEssay.pdf | 1.09 MB |
