Tuesday, August 3, 2010

James Turk spins a plausible hypothesis for BIS wierdness

Here. Of course, this was fishy from the beginning. I would add that this disclosure was completely voluntary and likely calculated to ward off further prying by feigning full disclosure from the beginning. If so, then this is probably just the tip of a fairly sizable iceberg. What other agreements go on between the BIS and central banks, either to manipulate the gold price or (what is the same thing) to push currencies up or down?

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