Chris Powell is a professional Journalist and Secretary/Treasurer of the Gold Anti-trust Action Committee: http://www.gata.org
In this Episode Chris and I cover the full story of central bank intervention in Gold price throughout history and the importance this has had in maintaining fiat currency value.
Support GATA's work:
http://www.gata.org/node/16
0:00 How Chris came to this subject and why he started GATA
5:05 History of the London Gold Pool & Bretton Woods
9:12 What is the Gold Reserve Act and what rights does it give to the Treasury Dpt. and the Exchange Stabilization Fund to trade gold?
10:29 FOIA documents, Fed response to GATA, and lack of transparency
13:57 What percentage of LBMA and gold “physical” markets, and also future markets are owned by central banks?
18:08 Central bank reserves and leasing of gold
21:00 Importance of Gold price in the global economy
26:31 Who is likely behind JP Morgans silver positions?
28:45 US DOJ Investigation into JP Morgan price manipulation
33:25 What is the Bank for International settlements and what is their involvement in the gold market?
37:05 Unprecedented huge volumes of gold futures contracts being taken for delivery on futures exchanges
39:29 Role of Gold in West vs. BRICS currency wars
45:27 Historical and potential future gold revaluation by central banks to ease debt
50:30 Historical and potential future gold taxes or confiscation
56:35 Effects of increasings public awareness of gold
Resources:
https://en.wikipedia.org/wiki/London_Gold_Pool
https://www.ft.com/content/2d7be5a6-d87a-11e9-8f9b-77216ebe1f17
https://en.wikipedia.org/wiki/Bank_for_International_Settlements
http://www.gata.org/node/14839