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IPFS News Link • Bank of International Settlements

Peter Hambro: BIS, Central Banks Are Rigging Gold Market Using Bullion Banks' Paper Gold

• Zero Hedge

Submitted by Ronan Manly, BullionStar.com

"Gold to central bankers is like the sun to vampires."

This week an intriguing and eye-opening article by the well-known Peter Hambro was published by British economics and politics news site Reaction.

The article, which is titled "Don't forget the golden rule: whoever has the gold makes the rules" is intriguing and eye-opening for a number of reasons, chiefly because it pulls no punches in highlighting the price manipulation of the gold price and naming the types of entities responsible, while explaining some of the mechanisms used in the fractional-reserve London paper gold game.


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