Piercing the Mystery of the Gold Market
October 30, 2010
Chris Powell
10/30/2010
The precious metals markets have tremendous potential for investors. But they are also wrapped up in great mystery – deliberately so.
Gold is the worst understood financial market. Most official data about gold is actually disinformation.
Years ago GATA disclosed that the International Monetary Fund, the leading compiler of official gold reserve data, allowed its member nations to count gold they had leased, gold that had left their vaults, as if it was still in their vaults. The effect of this accounting fraud was to deceive the gold market into thinking that central banks had much more gold left to bomb the market with than they really did.
But that’s only the start of the false data.
And now… the rest of the story. …..
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Harold
