The London Bullion Market Association, The Gold Price Fix, and Bullion Banks
The London Bullion Market Association (“LBMA”) is the international trade association representing the global bullion market, specifically in the OTC (over-the-counter) bullion market. It is primarily focused on gold and silver bullion. The LBMA was founded in 1987 and works to set standards in the precious metals industry including adherence to its own code, adherence to Good Delivery standards, and sets rules for the standard sizes of gold and bullion bars in the marketplace. LBMA works with miners, investors, fabricators, ETFs, refiners, manufacturers, consumers, civil society and central banks from around the world. This is what they state publicly and this is their official story. The reality of what they are and their agenda is a bit more complex and concerning to Patriots.
The History of the LBMA goes back to when the Bank of England (“BOE”), the U.K.’s Central Bank and one that has direct ties to the Rothschilds, specifically, Nathan Mayer Rothschild (who famously once said “I care not what puppet is placed on the throne of England to rule the Empire, …The man that controls Britain’s money supply controls the British Empire. And I control the money supply.”) dealt with the gold rushes occurring around the world. The global gold rushes that started in Brazil in the 17th century and continued in California, Australia, and South Africa resulted in large amounts of gold flowing into London. The BOE sought to standardize the gold and created the London Good Delivery List, originally named the List of Acceptable Melters and Assayers, both of which effectively controlled who could sell gold in London (the world’s largest financial center) and in what form.
In 1919, the London Gold Market, which consisted of five firms, N M Rothschild & Sons, Mocatta & Goldsmid, Pixley & Abell, Samuel Montagu & Co. and Sharps Wilkins, established the first Gold Price Fix, which is precisely what it sounds like: a way to fix the price of gold through market manipulation. The LBMA’s founding in 1987 was led by the BOE’s former CEO. So, to highlight a key point here, a central bank — THE central bank of the Old World — founded the LBMA. Today, there also exists a London Silver Market which acts similarly to the London Gold Market group.
A bullion bank, of which nearly all are members of the LBMA, are banks which are involved in trading, clearing, vaulting, physical metal distribution, risk management, intermediating between metal lenders and borrowers, mine finance and hedging, financing fabricators, providing consignment stocks, and generating precious metals market research in the precious metals markets. There are currently 35 bullion bank members in the LBMA and 13 of them are Market Making members. Well known names of Market Making members include Goldman Sachs, JP Morgan Chase, Morgan Stanley, HSBC, and Société Générale S.A. As mentioned above, it’s not only gold, but silver too that is the focus of these bullion banks.
What bullion banks actually do is manipulate the price of gold and silver through complicated mechanisms that we will attempt to summarize herein. The LBMA bullion bank system is effectively a fractional reserve banking system for gold and silver. Through the Unallocated Account System for paper gold and silver, often highly leveraged, paper precious metals are not actually backed by physical gold and silver. This is demonstrated by the fact that a large number of gold and silver contracts never result in a physical delivery as there are paper contracts for gold and silver that far exceed the annual production of these precious metals. They are settled for paper that is backed by absolutely nothing and available at will to central banks and their tentacle financial organizations.
With this system in place, paper gold and paper silver demand works to displace the true physical demand for the precious metals as it is absorbed by paper supply, which means that the true price of the bullion is never discovered. The price of precious metals is most certainly suppressed through this system and likely to a massive degree. It’s simply not allowed to be discovered.
No one knows the exact ratio of unallocated gold to allocated gold or unallocated silver to allocated silver as the LBMA and bullion banks are not transparent and they manipulate definitions and facts in any reporting they do provide, but it is thought to be very high by numerous credible estimates. The LBMA are also suspected, most recently, of being dishonest about the amount of precious metals in their vaults. Many suspect they have always been dishonest about this. This becomes increasingly important if physical demand with delivery of the precious metals exceeds actual allocated demand available. This would almost certainly cause the price of a precious metal to rise, and dramatically, as those required to make delivery must scramble to provide delivery of precious metals that are difficult and expensive to acquire. More demand on a short timeline (contracts have to be settled by a certain date), means higher prices for precious metals. Especially if increasingly fewer people are selling compared to buying.
Analysis: It is very difficult for a logical person not to conclude that this system is constructed for nefarious purposes given the ability of central banks to create money out of thin air with the fiat currency system, their direct and strong connection to the bullion banks and the LBMA who have openly worked to price fix precious metals in the past, the reality that paper gold and paper silver are easily purchasable with fiat currency that the central banks have unlimited supply of which allows price suppression, and that the central banks have every reason to want the suppression of the price of gold and silver as it is a strong historical monetary competitor to their illegitimate fiat system.
This is effectively a criminal, globalist, colluding cabal of interrelated central banks that actively suppress the greatest threats to the core of their fiat system so they can stay in control and continue to profit greatly while abusing and robbing the masses of their wealth, many other opportunities, and liberties. It is a replacement for every other tyranny that has ever existed on Earth but it is invisible to the vast majority of people who do not understand or appreciate the power fiat currency gives a central bank, something that Nathan Rothschild understood all too well. This is a much more difficult form of tyranny to fight.
Ongoing investment demand for gold and silver should result in more demand for physical settling of precious metals contracts, a diminishing of the power of paper gold and paper silver and therefore a breaking of the LBMA and the bullion banks. This is the chink in the armor in the cabal but do not expect the cabal to not make serious attempts to fight back. Everything is at stake for them and they have everything to lose if precious metals win.
We all know how to make sure they lose. Not only a return to physical Constitutional money, gold and silver, but a fundamental shift in philosophy in our society through culture and law. There must be a deeply rooted recognition of the reality that a fundamental prerequisite to protecting our wealth, our liberty, and our future prosperity from these invisible tyrants is the principle of hard money, not controlled by private, corrupt interests, but by the People. This movement is well underway and it terrifies them. Good.
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