Peter Hambro: BIS, Central Banks Are Rigging Gold Market Using Bullion Banks' Paper Gold

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"Gold to central bankers is like the sun to vampires."

This week an intriguing and eye-opening article by the well-known Peter Hambro was published by British economics and politics news site Reaction.

The article, which is titled “Don’t forget the golden rule: whoever has the gold makes the rules” is intriguing and eye-opening for a number of reasons, chiefly because it pulls no punches in highlighting the price manipulation of the gold price and naming the types of entities responsible, while explaining some of the mechanisms used in the fractional-reserve London paper gold game.

Mocatta & Goldsmid

But the article is also notable in terms of who the author is. For those who don’t know him, Peter Hambro is a very well-respected name in the gold space, having co-founded and been chairman of FTSE-listed Anglo-Russian gold mining company Peter Hambro Mining (now known as Petropavlovsk). He was also, from 1983 to 1990, deputy managing director of legendary London bullion broker Mocatta & Goldsmid. Additionally, Peter Hambro’s father, Everard Bingham Hambro, was also at one time a director of Samuel Montagu, another of the legendary London bullion broker cartel firms.

Unallocated Gold - The Lid on the Tinder Box

Hambro describes this manipulation of the gold price using derivatives as a ‘tinder-box’, which ‘disinformation [has] for many years kept the lid on”. But who, you might ask, is directing this disinformation and this gold price manipulation?

According to Hambro’s bombshell, its the Bank for International Settlements (BIS) in Switzerland, i.e. the central banks’ central bank. Hambro drops the bombshell that:

”since 2018 the Financial Stability Desks at the world’s central banks have followed the Bank for International Settlements’ (BIS) instruction to hide the perception of inflation by rigging the gold market.”



Anyone with half a brian knows the markets are rigged, but rarely will a true insider tell the truth about it.