-- Published: Wednesday, 2 December 2015 | Print | Disqus
Dear Friend of GATA and Gold:
Former U.S. Rep. Ron Paul told Daniela Cambone of Kitco News on Tuesday that the gold market is manipulated by the U.S. government to support the dollar, that the government is fully authorized to manipulate the market through the Treasury Department's Exchange Stabilization Fund, and that everyone pretends that it isn't happening.
Of course this is exactly what GATA has been shouting for years and what mainstream financial news organizations have been studiously ignoring.
While it's nice to hear Paul talking like this, and nicer still to see Cambone asking a question about gold market manipulation, it would have been a lot more useful for Paul, during his many years on the House Financial Services Committee, to question the chairmen of the Federal Reserve and the secretary of the Treasury about gold market manipulation, and for Cambone to have put similar questions to the Austrian central banker she interviewed in October --
-- when the central banker volunteered that Asian central banks are both acquiring gold and secretly intervening in the gold market and Cambone just smiled prettily and danced away from the revelation.
Cambone's interview with Paul is eight minutes long and can be heard at Kitco's Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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-- Published: Wednesday, 2 December 2015 | E-Mail | Print | Source: GoldSeek.com