Peter Hambro: BIS, Central Banks Are Rigging Gold Market Using Bullion Banks' Paper Gold
Posted by freedomforall 1 year, 10 months ago to Economics
Excerpt:
"Unallocated Gold - The Lid on the Tinder Box
Hambro describes this manipulation of the gold price using derivatives as a ‘tinder-box’, which ‘disinformation [has] for many years kept the lid on”. But who, you might ask, is directing this disinformation and this gold price manipulation?
According to Hambro’s bombshell, its the Bank for International Settlements (BIS) in Switzerland, i.e. the central banks’ central bank. Hambro drops the bombshell that:
”since 2018 the Financial Stability Desks at the world’s central banks have followed the Bank for International Settlements’ (BIS) instruction to hide the perception of inflation by rigging the gold market.”
But since the central banks ‘need cover’ and ‘cannot be seen’ to be rigging the gold price, Hambro continues:
“The only way to achieve the cover is by smashing the price of physical gold by the alchemical production of ‘paper gold’.”
If this has now got your attention, read on, since Hambro elaborates:
“With the help of the futures markets and the connivance of the Alchemists, the bullion traders – yes, that includes me, I was Deputy Managing Director of Mocatta & Goldsmid – managed to create an unshakeable perception that ounces of gold credited to an account with a bank or bullion dealer were the same as the real thing. “And much easier, old chap! You don’t have to store or insure it”.
The gold credit which Hambro is referring to here is the LBMA's infamous ‘unallocated gold’, with ‘the futures markets’ being the COMEX.
...
“Straws blowing in the wind are often said to presage great tempests and I believe that this chart shows just such a straw.“
“look at this chart and then go see your bullion trading counterparty and buy some gold. Then ask for your gold or silver or platinum or palladium or any other physical store of value and medium of exchange that you have acquired to protect you from the ravages of inflation.
For Inflation will surely engulf the world when the paper gold emperor’s clothes are seen for what they really are.
Vladimir Putin and Xi Jinping are among those who know the golden rule: “Whoever has the gold makes the rules”.
Which also explains why Russia and China are now accelerating their interaction in jointly developing the Russian and Chinese gold markets."
"Unallocated Gold - The Lid on the Tinder Box
Hambro describes this manipulation of the gold price using derivatives as a ‘tinder-box’, which ‘disinformation [has] for many years kept the lid on”. But who, you might ask, is directing this disinformation and this gold price manipulation?
According to Hambro’s bombshell, its the Bank for International Settlements (BIS) in Switzerland, i.e. the central banks’ central bank. Hambro drops the bombshell that:
”since 2018 the Financial Stability Desks at the world’s central banks have followed the Bank for International Settlements’ (BIS) instruction to hide the perception of inflation by rigging the gold market.”
But since the central banks ‘need cover’ and ‘cannot be seen’ to be rigging the gold price, Hambro continues:
“The only way to achieve the cover is by smashing the price of physical gold by the alchemical production of ‘paper gold’.”
If this has now got your attention, read on, since Hambro elaborates:
“With the help of the futures markets and the connivance of the Alchemists, the bullion traders – yes, that includes me, I was Deputy Managing Director of Mocatta & Goldsmid – managed to create an unshakeable perception that ounces of gold credited to an account with a bank or bullion dealer were the same as the real thing. “And much easier, old chap! You don’t have to store or insure it”.
The gold credit which Hambro is referring to here is the LBMA's infamous ‘unallocated gold’, with ‘the futures markets’ being the COMEX.
...
“Straws blowing in the wind are often said to presage great tempests and I believe that this chart shows just such a straw.“
“look at this chart and then go see your bullion trading counterparty and buy some gold. Then ask for your gold or silver or platinum or palladium or any other physical store of value and medium of exchange that you have acquired to protect you from the ravages of inflation.
For Inflation will surely engulf the world when the paper gold emperor’s clothes are seen for what they really are.
Vladimir Putin and Xi Jinping are among those who know the golden rule: “Whoever has the gold makes the rules”.
Which also explains why Russia and China are now accelerating their interaction in jointly developing the Russian and Chinese gold markets."
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- 3Posted by $ jbrenner 1 year, 10 months agoDespite the hyperinflation we are having now, the price of Au has actually gone down in the last couple of months. I knew that this manipulation was happening. For years, these same banks kept Au at $1200 per ounce, and then suddenly it jumped to $1800. I expect a similar jump soon, but predicting the timing of when looting will no longer be tolerated is a tough business.Mark as read | Best of... | Permalink|
- 3Posted by freedomforall 1 year, 10 months agoOnly the money printers can afford to take such bets.Mark as read | Parent | Best of... | Permalink|
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