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Rising gold got you down? Call the BIS at 1-800-RIG-MKTS

Submitted by cpowell
on 08:46PM ET Monday, February 20, 2012.
Section: Daily Dispatches

Dear Friend of GATA and Gold:

You never know what sort of compromising documents central bankers will leave lying around, confident that the mainstream financial news media throughout the world have no more curiosity or insight than, say, Kitco gold market analyst Jon Nadler, who maintains with a straight face that central banks have no interest in manipulating the gold market. (See http://www.gata.org/node/8717.)

GATA's main work is to document and publicize that rigging --

http://www.gata.org/taxonomy/term/21

-- and our assiduous researcher R.N. this month discovered more such documentation in a 24-page brochure prepared by the Bank for International Settlements to introduce itself to prospective members at a seminar at BIS headquarters in Basle, Switzerland, in June 2008. The brochure includes an advertisement for the gold market-rigging services provided by the BIS to its 50 or so member central banks. Page 17 of the brochure touts "Our Products," including "Gold & Forex Services -- Interventions."

The BIS brochure is posted at GATA's Internet site here:

http://www.gata.org/files/BISAdvertisesGoldInterventions.pdf

So, is your currency sinking as you borrow and print like crazy, unable to keep up with stupid wars, counterproductive social welfare schemes, and corrupt political patronage? No problem -- let the BIS fix things for you. Just give them a call at 1-800-RIG-MKTS.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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