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Will critical questions be raised about central banks at LBMA conference?

Section: Daily Dispatches

2:15p ET Monday, October 19, 2015

Dear Friend of GATA and Gold:

Reporting from the London Bullion Market Association conference in Vienna, Bullion Vault's Adrian Ash writes that LBMA chief executive Ruth Crowell is talking about incorporating all four precious metals in an organization with much wider scope. Ash wonders if she means a "World Bullion Market Association."

That might make worldwide market rigging easier for the central banks using the London bullion banks as their agents.

Ash adds that the delegates were welcomed to Vienna by Peter Mooslechner, a member of the board of directors of Austria's central bank, and that the conference is to include a "central bank session." The involvement of central banks in the gold market -- public and surreptitious -- sure would be an interesting subject for critical questioning. Will Ash or anyone else be allowed to pose critical questions to central bank representatives and to report the answers or refusals to answer?

Or do members of the LBMA and representatives of central banks get together like this because they are basically members of the same fraternity if not the same organization and thus not inclined to discomfort each other?

Ash's dispatch is headlined "Gloomy on Gold at LBMA 2015" and it's posted at Bullion Vault's Internet site here:

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


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