Goldscam hits the mainstream.
‘Goldscam’, the developing story of precious metals price manipulation at the LBMA appears to have finally hit the mainstream press. Tyler Durden at Zero Hedge reports that “… the gold manipulation story that Zero Hedge and select others have been beating a drum over for months, had finally made inroads into the broader public, first via the Huffington Post, and earlier today via the NY Post. It has also gone global thanks to the Melbourne Herald Sun, the largest newspaper in Australia, whose column by John Beveridge “More bull than bullion” is reproduced below, courtesy of the GATA.”
Here’s an excerpt from the article at the New York Post:
“JPMorgan acts as an agent for the Federal Reserve; they act to halt the rise of gold and silver against the US dollar. JPMorgan is insulated from potential losses [on their short positions] by the Fed and/or the US taxpayer,” Maguire said.
This entry was posted on April 12, 2010 by Deltachron. It was filed under Crime, economics, Finance and was tagged with Andrew Maguire, Federal Reserve, Goldscam, JP Morgan, LBMA, missing gold, precious metals price manipulation.