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What Is Happening Behind The Scenes In The Gold Market Is Absolutely Wild
Kingworldnews· 2025-12-09 18:31
Core Viewpoint - The article discusses the ongoing issues and suspicions surrounding the Bank of England's role in gold price suppression and the delays in publishing the audited annual report of the Exchange Equalisation Account (EEA) [3][4][20]. Group 1: Bank of England's Gold Custodianship - Developments this year have raised suspicions that the Bank of England is involved in gold price suppression, particularly regarding the custody of the UK's foreign exchange and gold reserves [3]. - The audited annual report of the EEA for the year ending March 31, 2025, is eight months late, which is unusual and could indicate underlying issues [4]. - The Bank of England has been a sub-custodian for various gold exchange-traded funds (ETFs) since at least 2014, including GLD and others, which raises questions about its role in the gold market [13][15]. Group 2: Delays and Speculations - The delay in the EEA report publication has been attributed to the need for certain audit procedures, but no specific timeline has been provided, leading to speculation about the reasons behind the delay [5][8]. - There have been reports of logistical challenges faced by the Bank of England in delivering gold, which may be linked to the increased use of the "exchange for risk" mechanism on the New York Commodities Exchange [7][8]. - The Bank of England's inability to promptly remove gold from its vaults coincides with the increased volume of transactions that may suggest a need for physical gold [8][20]. Group 3: Potential Implications - The situation raises concerns about whether the Bank of England is involved in gold price control or suppression, especially given its dual role as a custodian and potential source of gold [21]. - The complexities surrounding the Bank of England's activities in the gold market, including its involvement in gold swaps, suggest that the issues may be more intricate than merely managing the EEA [20]. - The article implies that the Bank of England's actions may require the endorsement of the U.S. Federal Reserve, indicating a broader systemic issue within the gold market [14].