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Central banker Musical Chairs at the LBMA – Fed exits, Banque de France joins

Summary:
As a former Banque de France central banker joins the board of the London Bullion Market Association (LBMA) as an “Independent” director, replacing a former New York Federal Reserve central banker who also served on the same board as an “Independent” director, we must ask ourselves why have these central bankers so much interest in gold and the LBMA. Particularly as the Chairman of the same LBMA board is a former central banker from the Bank of England. And all three board members are themselves former heads of FX and gold market operations at their respective central banks. Whose interest do these appointments serve? Continue reading… Powered by WPeMatico Post Views: 3

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Central banker Musical Chairs at the LBMA – Fed exits, Banque de France joins As a former Banque de France central banker joins the board of the London Bullion Market Association (LBMA) as an “Independent” director, replacing a former New York Federal Reserve central banker who also served on the same board as an “Independent” director, we must ask ourselves why have these central bankers so much interest in gold and the LBMA.

Particularly as the Chairman of the same LBMA board is a former central banker from the Bank of England. And all three board members are themselves former heads of FX and gold market operations at their respective central banks. Whose interest do these appointments serve? Continue reading…

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