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Former Fed and Treasury official endorses transparency for gold swaps and leases

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Published : January 28th, 2013
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Category : GoldWire

Interviewed today by the German financial journalist Lars Schall, former Federal Reserve and Treasury Department official Edwin M. Truman seems to back away from his assertion to a World Bank and Bank for International Settlements conference last month (http://www.gata.org/node/12084) that the Washington Agreement on Gold was "the modern counterpart" of the gold price-rigging London Gold Pool of the 1960s. But Truman extends his call for greater transparency in central banking to encompass the gold swaps and leases that, according to a March 1999 report of the International Monetary Fund (http://www.gata.org/node/12016), are kept secret to facilitate secret intervention in the gold market.

The interview with Truman is posted at Schall's Internet site here:

http://www.larsschall.com/2013/01/28/is-the-w...ment-on-gold...

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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