Translated from English source The Street.com
I am not a professional translator, so I beg your pardon , if not everything looks literary, well the meaning is conveyed correctly.
By the way, in the text you can find one of the main reasons why gold is falling now.
READY- Gold Anti-Trust Action Committee. Committee , whose actions are aimed at exposing the monopoly control of gold prices and gold derivatives, including litigation.
Questions to Chris Powell, казначей,Secretary and Director of GATA from the representative of the news resource for investing in gold.
1. Can you summarize how the manipulation scheme works.
`` Of course. CB, who want to support their currencies - and maintain, in particular, US Dollar,-want to control discount rates and government bond prices, so they intervene in the gold market, selling physical gold, occupying his market through banks, dealing with operations with precious metals and BIS( Bank for International Settlements), as well as swapping it with other central banks. They also sell options and futures through BIS. They do a lot of gold shorting so, to control the price."
2. Who is involved in such schemes ?
& quot; I think, that all major central banks of Western countries know about this , at least, and cooperate, if they do not participate themselves. I think, that all the Central Banks of Western countries, who were openly identified, like the London group(cartel) undoubtedly cooperate. However, I guess, that the main are the USA, Bank of England and Bundesbank. I also think, that any central bank, involved in swaps and gold borrowing participate in the scheme & quot;.
3. In this way, вы считаете, that the gold cartel is made up of central banks?
