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William Engdahl: Only Fed could have prompted gold's plunge in April
11:45a ET Tuesday, July 16, 2013
Dear Friend of GATA and Gold:
Economic researcher F. William Engdahl today tells the German financial journalist Lars Schall, writing for Matterhorn Asset Management's Gold Switzerland Internet site, that the smashing of the gold price in April involved so much paper gold that it could only have been the work of the Federal Reserve.
Engdahl adds that central banks may not have possession of the gold they claim as their reserves. He cites GATA's work and says that if the gold market was fair and transparent without naked shorting of gold futures, the gold price would have reached $10,000 a few years ago.
The interview, the second part of a series of three, is headlined "There Is No Such Thing as a Free Market" and it's posted at Gold Switzerland's Internet site here:
http://goldswitzerland.com/there-is-no-such-thing-as-a-free-market-engdahl/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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