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Did the Central Banks Make Off with the Gold? Kurt Nimmo As Jerome R. Corsi revealed on the Alex Jones radio show today, U.S. central banks may have less than half the gold they claim to possess in their vaults, according to watchdog group that will publish an ad in the Wall Street Jouranl later this week. “As WND reported, the Gold Anti-Trust Action Committee, or GATA, claims the Federal Reserve and the U.S. Treasury are surreptitiously manipulating the country’s gold reserves by participating in undisclosed leases, according to an advance copy WND obtained of the ad running in Thursday’s edition of the Journal,” writes Corsi. “GATA believes much of the borrowed gold out on lease will never be returned to the central banks.”
Moreover, GATA further charges the U.S. government strategy to manipulate the price of gold is beginning to fail miserably. “The objective of this manipulation is to conceal the mismanagement of the U.S. dollar so that it might retain its function as the world’s reserve currency,” the newspaper ad reads. “Gold’s recent rise toward $900 per ounce shows that the price suppression scheme is faltering. When it is widely understood how central banks have been suppressing gold, its price may rise to $3,000 or $5,000 an ounce or more.” It is but another example of how the central banks and the Fed, as in Federal Express, are screwing the people out of thier property in order to make obscene profits. Read the entire Corsi story at the WorldNetDaily website.
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