Peter Hambro – BIS, central banks are rigging gold market using bullion banks’ paper gold


“Gold to central bankers is just like the solar to vampires.”

This week an intriguing and eye-opening article by the well-known Peter Hambro was printed by British economics and politics information web site Response.

The article, which is titled “Don’t neglect the golden rule: whoever has the gold makes the principles” is intriguing and eye-opening for various causes, mainly as a result of it pulls no punches in highlighting the value manipulation of the gold value and naming the sorts of entities accountable, whereas explaining a few of the mechanisms used within the fractional-reserve London paper gold recreation.

Mocatta & Goldsmid

However the article can also be notable when it comes to who the creator is. For many who don’t know him, Peter Hambro is a really well-respected title within the gold area, having co-founded and been chairman of FTSE-listed Anglo-Russian gold mining firm Peter Hambro Mining (now generally known as Petropavlovsk). He was additionally, from 1983 to 1990, deputy managing director of legendary London bullion dealer Mocatta & Goldsmid. Moreover, Peter Hambro’s father, Everard Bingham Hambro, was additionally at one time a director of Samuel Montagu, one other of the legendary London bullion dealer cartel companies. 

On prime of that, Peter Hambro can also be nice nice grandson of Baron Carl Joachim Hambro, the founding father of the well-known English funding financial institution Hambros. In actual fact, Mocatta & Goldsmid even merged with Hambros financial institution in 1957. Within the Nineteen Eighties, Mocatta & Goldsmid was additionally the most important gold and silver counterparty to the Soviet Union.

Peter Hambro

So when Peter Hambro writes about gold value manipulation, it isn’t simply anybody writing about gold value manipulation, it is a man from one of many British banking dynasties who has been privy throughout his total profession to the inside workings of the workings of the London bullion banking institution, and who has the operational data of working a London Inventory Change listed gold mining firm that extracts actual bodily gold, gold that has no counterparty threat and is nobody else’s legal responsibility.  

For many who aren’t conversant in the information and podcast web site Response, Response is a critical London primarily based publication run by heavy weight board of journalists and media executives which specialises in evaluation and commentary on present affairs, politics, tradition and economics.        

The set off for Peter Hambro’s article is a current chart from the US Workplace of the Comptroller of the Foreign money (OCC), which due to a knowledge reclassification beginning in Q1 2022, now reveals the huge extent to which bullion banks akin to JP Morgan have amassed valuable metals derivatives contracts to carry down the gold value (a superb abstract of this chart is right here).

Notional quantities of valuable metals derivatives at US Industrial Banks by 31 March, 2022

Unallocated Gold – The Lid on the Tinder Field

Hambro describes this manipulation of the gold value utilizing derivatives as a ‘tinder-box’, which ‘disinformation [has] for a few years saved the lid on”. However who, you may ask, is directing this disinformation and this gold value manipulation?

In line with Hambro’s bombshell, its the Financial institution for Worldwide Settlements (BIS) in Switzerland, i.e. the central banks’ central financial institution. Hambro drops the bombshell that:

since 2018 the Monetary Stability Desks on the world’s central banks have adopted the Financial institution for Worldwide Settlements’ (BIS) instruction to conceal the notion of inflation by rigging the gold market.

However because the central banks ‘want cowl’ and ‘can’t be seen’ to be rigging the gold value, Hambro continues:  

“The one technique to obtain the quilt is by smashing the value of bodily gold by the alchemical manufacturing of ‘paper gold’.”

If this has now received your consideration, learn on, since Hambro elaborates:

“With the assistance of the futures markets and the connivance of the Alchemists, the bullion merchants – sure, that features me, I used to be Deputy Managing Director of Mocatta & Goldsmid – managed to create an unshakeable notion that ounces of gold credited to an account with a financial institution or bullion supplier have been the identical as the actual thing. “And far simpler, outdated chap! You don’t should retailer or insure it”.

The gold credit score which Hambro is referring to right here is the LBMA’s notorious ‘unallocated gold’, with ‘the futures markets’ being the COMEX. You may at this stage even suppose that Hambro has been studying the BullionStar web site, since we’ve got for years, been explaining the exact same factor. For instance, see right here and right here.

That the Financial institution for Worldwide  and its governors are directing the world’s central banks to rig the gold value shouldn’t be a shock, since that’s the BIS has an extended historical past of doing. From the London Gold Pool of the Nineteen Sixties to the brand new gold pool within the early Nineteen Eighties, the BIS likes to rig the gold value. Why? As a result of gold to central bankers is just like the solar to vampires. See BullionStar articles “New Gold Pool on the BIS Basle, Switzerland: Half 1″ and “New Gold Pool on the BIS Basle: Half 2 – Pool vs Gold for Oil”

Pulling the Strings – The Financial institution of England  

In his article, Hambro goes on to elucidate the Nineteen Eighties evolution of the London paper gold market and its many derivatives that are the smoke and mirrors mechanisms by which the London “gold market’ market pursues it’s fractional-reserve paper gold scheme to this very day:

As soon as buyers swallowed this stupefying tablet it was simple to promote them gold that merely didn’t exist. In fact there have been cautious buyers who discovered it onerous to consider that the likes of Mocatta, Montagu, Rothschild and Sharps Pixley have been undoubted counterparties and needed to be assured that the gold could be there once they referred to as for it.

Straightforward, we mentioned. Don’t hassle to pay for it, simply give us an preliminary money margin and comply with a variation margin and our paper promise is pretty much as good as gold. This was the easy spinoff.

Should you thought the value would go down, you could possibly promote us gold you didn’t have and margin the commerce in the identical means. Then alongside got here a raft of choices and different merchandise and the spinoff market – for that’s what this chimera was referred to as – began to spiral like a twister.

A ‘Chimera’ being a legendary monstrous hybrid creature composed of various elements. This exponential progress in unallocated gold and gold derivatives first occurred throughout the interval within the Nineteen Eighties when Peter Hambro was a director at Mocatta and Goldsmid and the London gold market consisted of a cartel of 5 bullion companies, particularly N.M. Rothschild, Mocatta & Goldsmid, Samuel Montagu, Sharps & Pixley and naturally the notorious Johnson Matthey Bankers. And it was Johnson Matthey Bankers which practically collapsed in 1984 and needed to be rescued by the Financial institution of England in order to forestall the implosion of the remainder of the London bullion membership.

And as Hambro describes, the Financial institution of England was then, as of now, at all times able to prop up the London paper gold ponzi with some bodily gold when wanted within the type of central financial institution gold lending:

“To make the bogus gold look even safer, the Financial institution of England was quietly keen to lend the London Gold Market Members bodily gold, within the occasion that issues received a bit tough and our vaults have been empty. When one of many Members went bust [Johnson Matthey Bankers], the others clubbed collectively and with the Financial institution of England holding the ropes, the purchasers have been bailed out.”

To you could add the Financial institution of England’s manipulations in intervening into the London Gold Fixings within the Nineteen Eighties as documented within the BullionStar article right here. Then in 1987, the Financial institution of England took issues one step additional and instructed the bullion banks in London to formalize their cartel, which was achieved by the launch of the London Bullion Market Affiliation (LBMA). And which is why to today the Financial institution of England and the LBMA are symbiotically intertwined, particularly by the ultra-secretive London gold lending market whereby central banks lend bodily gold the LBMA bullion banks bodily gold. Which is a topic that the investigative reporters of Bloomberg and Reuters won’t ever contact because the boards and editors of Bloomberg and Reuters know that these gold lending operations props up the whole paper gold fractional-reserve scheme.     

Agustín Carstens: Normal Supervisor of the Financial institution for Worldwide Settlements (BIS)

As well as, this world ‘paper gold’ scheme has limitless provide since, as Hambro places it, governments and central banks and the BIS “can print the margin”. Which is why, Hambro says that

the nice banks of Wall Avenue will settle for fiat {dollars} as margin and manufacture gold to swamp the market.

Whereas Peter Hambro has beforehand been identified to grasp and talk about gold value manipulation, his newest feedback could also be coming now as he senses a geo-political shift within the financial function of gold. In addition to, as the continuing Western sanctions towards Russia have decimated the power of gold miner Petropavlovsk to promote its gold and to repay its loans (as its fundamental financial institution Gazprombank is sanctioned), Hambro, as a former chairman of Petropavlovsk, could have a greater place than most in studying the unintended penalties of sanctions on the worldwide gold market.  

The Paper Gold Emperor’s Garments

Hambro then wraps up his article by referring again to the current US OCC valuable metals derivatives chart:  

“Straws blowing within the wind are sometimes mentioned to presage nice tempests and I consider that this chart reveals simply such a straw.“

“take a look at this chart and then go see your bullion buying and selling counterparty and purchase some gold. Then ask on your gold or silver or platinum or palladium or some other bodily retailer of worth and medium of trade that you’ve got acquired to guard you from the ravages of inflation.

For Inflation will certainly engulf the world when the paper gold emperor’s garments are seen for what they are surely.

Vladimir Putin and Xi Jinping are amongst those that know the golden rule: “Whoever has the gold makes the principles”.

Which additionally explains why Russia and China at the moment are accelerating their interplay in collectively creating the Russian and Chinese language gold markets as defined within the current BullionStar article “China and Russia in Shut Cooperation aiming for Win-Win in Gold Markets”.



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