When it comes to gold, history itself wears a tin-foil hat

10:23p ET Sunday, November 15, 2009

Dear Friend of GATA and Gold:

Thanks to 24hGold.com for calling attention to two fascinating pieces of the history of gold as money.

The first is a long article from the February 12, 1965, edition of Time magazine describing French President Charles de Gaulle's active resentment of the debasement of the U.S. dollar and his suggestion that the West return to some form of the gold standard. The article is headlined "Money: De Gaulle vs. the Dollar" and you can find it at Time's archive here:

http://www.time.com/time/magazine/article/0,9171,840572-1,00.html

Then there is a history of the London Gold Pool of the 1960s written by gold market analyst Phillip Judge in 2001 and posted at the Internet site of the Anglo Far-East Bullion Co. Judge's article is headlined "Lessons from the London Gold Pool" and you can find it at the Anglo Far-East Internet site here:

http://www.anglofareast.com/0139.html

Together the two articles suggest that gold is the secret center of the world financial system, the ultimate power in the system, a power provoking among governments an irresistible urge to try to get it under control. Anyone who asserts as much today is likely to be derided as some sort of nut case by the financial establishment. But as it turns out, when it comes to gold, history itself is wearing a tin-foil hat.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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