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Julian Phillips: Of course gold is manipulated -- the London Gold Pool, 1961-68
4:49p ET Friday, September 19, 2014
Dear Friend of GATA and Gold:
In his latest commentary about gold market manipulation, Julian Phillips of the Gold Forecaster letter reviews the establishment of the London Gold Pool, the gold market-rigging mechanism of the Western central banks in the 1960s. The U.S. dollar survived the gold pool's collapse, Phillips writes, because the dollar was still required to purchase oil from the Middle East. His commentary is headlined "Of Oourse the Gold Price Is Manipulated; That's the Point! -- The London Gold Pool, 1961 to 1968," and it's posted at the Gold Forecaster's Internet site here:
http://goldforecaster.com/course-gold-price-manipulated-thats-point-lond...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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