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The End Times arrive! Kitco covers gold manipulation in some detail
2:08p ET Thursday, November 10, 2022
Dear Friend of GATA and Gold:
More evidence that the End Times are here!
Yesterday Kitco News editor Michelle Makori moderated a discussion about gold market manipulation with mining entrepreneur Frank Giustra taking the position that the manipulation emanates from government and mining entrepreneur Rick Rule taking the position that it doesn't.
Of course for gold market manipulation even to be mentioned at Kitco is highly unusual. But the End Times began when both Giustra and Makori began citing some of the documents of manipulation that GATA has been bringing to your (and their) attention for many years.
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Makori even displayed one such document, the transcript of the meeting between U.S. Secretary of State Henry Kissinger and Undersecretary of State for Economic and Business Affairs, Thomas O. Enders, at the State Department in April 1974. The transcript explains why U.S. government policy, to maintain the dollar as the world reserve currency, must push gold outside the world financial system and particularly must intimidate Western European countries, major gold holders, out of remonetizing gold:
Makori also mentioned Federal Reserve Chairman Alan Greenspan's testimony to Congress in July 1998 that central banks lease gold precisely to suppress its price:
Giustra and Makori also cited the constant involvement in the gold market of the Bank for International Settlements, a subject that, until yesterday, was the exclusive provenance of GATA.
Indeed, the discussion almost seems to have been prompted by your secretary/treasurer's presentation last month to the New Orleans Investment Conference, which covered some of the documents cited at Kitco yesterday.
Elaborating on the documents, Giustra demonstrated a comprehensive understanding of central banking's view of the challenges and opportunities of monetized gold, including its potential for becoming the bedrock of an alternative to the weaponized dollar system.
By contrast Rule did not respond to any of the documentation cited. He never has responded to it even as he long has ridiculed the idea that governments might be engaged in suppressing the gold price.
Of course the discussion at Kitco did not credit GATA even once for compiling and publicizing the documentation being cited, despite the many years of blacklisting GATA has endured from mainstream financial news organizations and Kitco itself. But quite without giving any credit, just feeling compelled to produce the discussion must have been humiliating enough for Kitco. Maybe the coin and bullion dealer at last has managed to cover its shorts.
The discussion is almost two hours long and can be viewed at YouTube here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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