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The BIS press office may be the new Maytag repairman

By: Chris Powell

 -- Published: Friday, 4 May 2018 | Print  | Disqus 

Dear Friend of GATA and Gold:

GATA consultant Robert Lambourne, our expert on the Bank for International Settlements, noted this week that the BIS is late in posting its monthly statement of account for March, which typically contains obscure data about the bank's largely surreptitious interventions in the gold market on behalf of its client central banks.

So your secretary/treasurer e-mailed the bank's press office to ask if the March statement was available.

The BIS press office kindly responded just nine minutes later, acknowledging that the report is not yet available but is expected to be posted next week.

Lambourne thought the bank's speedy response was remarkable, an indication that the BIS takes GATA seriously.

Your secretary/treasurer replied that it is far more likely that the BIS press office is like the repairman in the old television commercials for Maytag washing machines, its people sitting around all day with nothing to do.

Maytag created the lonely character to emphasize the reliability of its products:

As for the BIS press office, who queries it other than GATA, which is always trolling for documentation of gold market manipulation?

Not mainstream financial news organizations. A Google search today for BIS-related news items turns up little if anything that is current:

No, mainstream financial news organizations are too scared to inquire or too instructed not to inquire about market rigging by central banks, though these days that rigging is the only "market" activity that matters and its documentation is lying around in the open in various places, freely available to anyone who has an interest in looking and thereby democratizing the world financial system.

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

* * *

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New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018

* * *

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