ECB Member Banks Confirm That Gold Is Manipulated by Central Banks

19 May 2014 – ECB and other central banks announce the fourth Central Bank Gold Agreement

The European Central Bank, theNationale Bank vanBelgië/BanqueNationale de Belgique, the DeutscheBundesbank,EestiPank, the Central Bank of Ireland, the Bank of Greece, the Banco deEspaña, the Banque de France, the Banca d’Italia, the Central Bank of Cyprus,Latvijas Banka, the Banque centrale du Luxembourg, the Central Bank of Malta, DeNederlandsche Bank, theOesterreichischeNationalbank, the Banco de Portugal, BankaSlovenije,NárodnábankaSlovenska,SuomenPankki – Finlands Bank,SverigesRiksbank and the Swiss National Bank today announce the fourth Central Bank Gold Agreement (CBGA).In the interest of clarifying their intentions with respect to their gold holdings, the signatories of the fourthCBGA issue the following statement:

  • Gold remains an important element of global monetary reserves;
  • The signatories will continue to coordinate their gold transactions so as to avoid market disturbances;
  • The signatories note that, currently, they do not have any plans to sell significant amounts of gold;
  • This agreement, which applies as of 27 September 2014, following the expiry of the current agreement, will be reviewed after five years.

Here is the press release directly from the ECB website:  ECB’s Fourth Central Banks Gold Agreement

Any questions there?  Anyone see a conspiracy theory?  Anyone who now states that the western Central Banks do not manipulate the gold market is one of three things:

1)  a psychopathic liar
2)  tragically stupid
3)  retarded

What’s more interesting that the acknowledgement of market-rigging – because we already new that ad nauseum, is outright statement that refers to gold as a “monetary reserve.” Means that the ECB and its member banks regard gold as much more than just the “asset” which is held “out of tradition,” which Bernanke stated under oath in front of Congress.

Circling back to my 3 points of conclusion just above, you can decide which one applies to Bernanke…

10 thoughts on “ECB Member Banks Confirm That Gold Is Manipulated by Central Banks

    1. Ask Mickey Mouse – may he knows? LOL

      It’s sitting somewhere in a vault in China and the PBOC has title to it.

  1. I vote for 4) Charlatan, although psychopathic liar works too. And you can place Draghi in either of these categories along with Alan “Gold and Economic Freedom” Greenspan.

    1. You forgot your /sarc tag. Larry Edelson? The same shill that came under SEC investigation and whose firm was required to pay civil money penalties?

  2. Germany’s gold has most likely been shipped to HK or Swiss refiners, assayed and melted down into kilo bars to be sold to China, Asia or the Middle East sometime in the last few years. Maybe even before that. There’s a lot of very high net worth Asians and oil money using agents to buy 7,8, and 9 figure orders of physical precious metals off the major exchanges. The big shots are avoiding COMEX and LBMA. I think a good amount of the US Mint silver eagle orders which have had robust demand are from agents hired by these high net worth foreigners. The American retail customer has drastically cut back on their purchases of precious metals according to my contacts in the bullion dealer industry.

  3. Where in the world is Carmen Sandiego?

    Where’s Waldo?

    It is far easier to find those two than it is to find Germany’s gold.

    (You don’t suppose Carmen Sandiego and Waldo made off with Germany’s gold, now do you? It’s the only thing that would make sense in the world we live in today.)

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