Vindicating GATA, Academic Study Says Central Banks Rig Markets with Gold Lending

by Chris Powell

Dear Friend of GATA and Gold:

Dirk Baur, formerly a finance professor at the University of Technology in Sydney, now professor of accounting and finance at the University of Western Australia in Perth, this month updated his 2013 study about gold market manipulation —

— and has incorporated much of GATA’s documentation. With that documentation in hand, Baur cites GATA and vindicates GATA’s work, concluding that secret gold lending by central banks has become their primary mechanism of controlling the gold market.

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