The Phaserl


PBOC Paper Recommends Leasing Its Reserves to Manipulate Gold Price

by Chris Powell, GATA:

Dear Friend of GATA and Gold:

The Perth Mint’s Bron Suchecki today disputes Bullion Star market analyst and GATA consultant Koos Jansen’s interpretation of a 2011 analysis of gold leasing written for the People’s Bank of China. (Jansen’s commentary is here:….)

Suchecki writes that the PBOC analysis cited by Jansen is most notable for indicating the Chinese central bank’s potential interest in using gold leasing to manipulate the currency markets, much as Western central banks do.

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