IMF 1999

http://www.mining.com/imf-report

1999 IMF REPORT

In an interview with King World News Powell says the report addressed to the IMF's executive report indicates that central banks "panicked" when IMF staff proposed accountability for gold loans and gold swaps on the grounds that it would entail the disclosure of "highly market-sensitive" information.
In Powell's view this reaction was "an acknowledgement that the Western central banks are actively involved in the gold market every day with their gold loans and swaps," and that "the purpose of this gold trading is market manipulation."