10:17a ET Monday, September 7, 2015
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Ronan Manly reports that the London Bullion Market Association substantially reduced its refinery production statistics after he reported that they showed that far more gold was being refined than was being mined or returned to refineries as scrap. The implication seems to be that the LBMA sought to conceal the huge volume of Western central bank gold being converted to smaller and purer bars and shipped to Asia. Manly's report is headlined "Moving the Goalposts: The LBMA's Shifting Stance on Gold Refinery Production Statistics" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/ronan-manly/moving-the-goalposts-the-l... [1]
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org [2]
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