Lawrie Williams: Bullion dealers that colluded with U.S. in 1974 have changed ownership

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Published : January 09th, 2017
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Category : GoldWire

The London bullion dealers that colluded with the U.S. government in establishing the gold futures market for price suppression in 1974 have changed ownership since then, market analyst Lawrie Williams noted yesterday.

Williams, who does commentary for one of the bullion dealers cited in a cable from the U.S. embassy in London detailing that collusion, writes that the cited dealers no longer "exist in their original form nowadays, and, except perhaps for Mocatta's successor, can no longer be considered part of any grouping that exerts any significant effect on the gold price today."

GATA's dispatch last week about the cable is posted here:

http://www.gata.org/node/17081

Williams' response is posted at his blog here:

https://lawrieongold.com/2017/01/07/sp-articl...ing-gata-poi...

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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.
WebsiteSubscribe to his services
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