UNICO INCORPORATED (AZ) (fka UNCO)

[MUSHROOMKING]

Gold:

Alan Greenspan confessed to the gold price suppression scheme while he was chairman of the Federal Reserve. He gave his famous testimony to Congress on July 24, 1998: "Central banks stand ready to lease gold in increasing quantities should the price rise."

http://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm

The European Central Bank confessed to the gold price suppression scheme when it entered the Washington Agreement on Gold on September 26, 1999. The bank's members acknowledged that they had gotten together to regulate the gold price through gold sales and leasing:

http://www.ecb.int/press/pr/date/1999/html/pr990926.en.html

Barrick Gold confessed to the gold price suppression scheme in U.S. District Court in New Orleans on February 28, 2003, when it filed a motion to dismiss Blanchard & Co.'s anti-trust lawsuit charging that Barrick was doing exactly what its motion admitted. The motion said that in borrowing gold from central banks and selling it, Barrick had become the agent of the central banks in the gold market, and, as the agent of the central banks, shared their sovereign immunity and thus could not be sued:

http://www.lemetropolecafe.com/img2003/memoformotiontodis.pdf

The Reserve Bank of Australia confessed to the gold price suppression scheme in its annual report for 2003. "Foreign currency reserve assets and gold," the RBA's report said, "are held primarily to support intervention in the foreign exchange market. In investing these assets, priority is therefore given to liquidity and security, in order to ensure that the assets are always available for their intended policy purposes."

http://www.rba.gov.au/PublicationsAndResearch/RBA
AnnualReports/2003/Pdf/operations_financial_markets.pdf

And now the Bank for International Settlements, the central bank of the central banks, has confessed to the gold price suppression scheme. The confession of the BIS came last June in a fairly candid speech by the head of the bank's monetary and economic department, William R. White, to central bankers and academics gathered at the BIS' fourth annual conference, held in Basel, Switzerland. The speech was provided to GATA this week.

White's speech was titled "Past and Future of Central Bank Cooperation" and he said in part: