Secrecy In Central Bank Gold Operations
Final paragraphs from latest article by Ronan Manly.
“In conclusion, the raison d’être for the London gold market in its current form with it’s ultra- secrecy around central bank gold buying and selling transactions and gold lending transactions is precisely to prevent prying eyes knowing anything important about that really goes on in the London gold market.
This is because market information is power, and lack of information allows the incumbent participants (the central banks, the Bank of England, the BIS and the LBMA bullion banks) to abuse that power at the expense of the entire global gold market. To paraphrase Winston Churchill’s famous quote:”
“I cannot forecast to you the action of the London gold market. It is a riddle, wrapped in a mystery, inside an enigma; but perhaps there is a key. That key is control of the gold price.” https://www.bullionstar.com/blogs/ronan-manly/central-banks-operating-in-stealth-at-the-heart-of-the-london-gold-market/