Articles

Gold Price Manipulation - by Sid Reynolds

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In order to explain the Why's and How's of the Gold Price Manipulation scheme (and why it is illegal and unfair), 6 aspects need to be discussed - namely motive, means, proof, opportunity, track record and impact.

1. MOTIVE:

  • US Government: To artificially keep interest rates down by deceiving the bond markets about inflation, and thus the gold price. In short, lower gold price = lower inflation = higher stock market = higher reelection chances.
  • US Government: To artificially strengthen the US dollar relative to other currencies. Clinton's "Strong Dollar Policy" was suppression of gold price. In short, lower gold price = higher US dollar = higher stock market.
  • Some Bullion Banks: To provide cheap source of capital to earn huge income, providing gold price is kept low.
Refer: http://groups.yahoo.com/group/gata/message/983 http://192.168.0.104/~trevor/gata.org/www.gata.org/congress.pdf(page 6)

2. MEANS:
Background: The gold price suppression scheme was actually put down on paper, in public, by Harvard Professor Lawrence Summers, before becoming Treasury Secretary under Clinton. He wrote of the inverse relationship between the gold price and interest rates, and concluded that government could keep interest rates low by suppressing the gold price. Refer: www.gata.org/gibson.pdf

Government Intervention: Gold and Long-term Interest Rates - by Michael Bolser

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Abstract

In previous work I drew attention to the link between the rapid growth of interest rate derivatives [IRDs] at Chase and Morgan subsequent to an unprecedented gold market preemptive selling episode in 1996. This report will further explore the likely interventional reasons behind this extreme interest rate derivatives growth. In addition, an important 1998 Federal Reserve consultant's publications that describe exact methodology needed to enforce the government's long-term interest rate policies are reviewed. Also the report shows preliminary evidence that since Summer 2003 the long interest rates appear to be under the controlling influence of those Federal Reserve policies. Finally, issues threatening the gold and interest rate interventional operations of the Federal Reserve are briefly discussed.

SA GOLDS and the RAN- "moenie worry nie" - by Peter George

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Investment Indicators from Peter George
Wednesday, December 3rd, 2003

Is the Washington Agreement a Fraud? - by Ed Steer

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Archimedes was a famous mathematician whose theorems and philosophies became world-known. In his own time he gained a reputation few other mathematicians of this period achieved. He is considered by most historians of mathematics as one of the greatest mathematicians of all time. He discovered pi.

Insight Magazine - 'Strong Dollar' Hides Weak Policy

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By Kelly Patricia O Meara

Royalty bows and curtsies, nations tremble and financial institutions begin to stammer when threatened by three words: "strong-dollar policy." For a phrase that has risen from the swamps of the dismal science only within the last decade, it nonetheless has taken on a kind of Godzilla status in the global economic community. And while the worlds of pundits, technocrats and economic seers have held their breath awaiting official support for such a "policy" by each successive administration, there are many who believe the phrase is nothing more than the federal equivalent of "Gesundheit!"

Quote Magazine, The Netherlands - GOLD! How a Bank conspiracy ruins the world economy!

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The time to buy gold is when blood is in the streets, Nathan Rotchild once said. With crashing equity markets, the WTC changed into Ground Zero and an army crossing the desert, those words seems to have a certain prophecy value. For the first time in 20 years, the price of gold increased by 35%. But gold investors (so called Gold bugs) aren’t satisfied yet. The WTC disaster and the Iraq war is only background noise. The price of gold should have been much higher already years ago they say, with or without war !

More Proof - by James Turk

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by James Turk, April 21st, 2003


© 2003 by The Freemarket Gold & Money Report.

One of the statistics complied by the International Monetary Fund is the quantity of gold owned by the world's central banks. That weight is reported to be 32,291 tonnes of gold. Most people accept this number at face value and without questioning its accuracy. However, central banks actually own less gold.

In reality central banks own 32,291 tonnes of gold AND gold receivables. This distinction is important. From both a legal and an accounting point of view, gold in the vault is clearly very different from gold owed to you. The reason is that gold in the vault is much less risky than someone's promise to pay you gold.

Rebels Vs. the Tory Establishment by Nelson Hultberg

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America is earth's Eldorado. She came to be such because of ambitious men and women of drive and ability that knew no such word as fail, visionaries who were willing to gamble precious years of their lives today on a dream for tomorrow.

Throughout my life, I have encountered many of these men and women in America. They are always salient standouts from the bland establishment crowd, whether their field of endeavor is academics, business, the arts, law, or science. They think for themselves. They make truth their authority, while others make authority their truth. In their eyes, life is not meant for comfort and security. It is a crucible. It is meant for the pursuit of something noble, something enduring. Truth and its exposition are the goals that transcend all else. At the risk of simplification, this is what drives all change and progress throughout history -- this drive for the truth. It moves the entrepreneurs, the rebels, the contrarians of humankind.

Insight Magazine - Panic is Near if 'The Gold is Gone'

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By Kelly Patricia O Meara

Gold. It's been called a barbarous relic, and those who focus on its historic role as a standard of value frequently are labeled "lunatic fringe." Given the recent highs in the gold market, it looks like the crazies have been having a hell of a year. With the stock market taking its third yearly loss, gold returned nearly 30 percent to investors, moving from $255 an ounce to six-year highs of $380.

Al-Hayat, London - "A Gold Cartel Aims at Destroying the Economies of Developing Countries."

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There is a storm in the money markets caused by the distribution of a report prepared by Mr. John Embry, a senior analyst with the Royal Bank of Canada, the largest bank in Canada. The storm, which spread rapidly, south to the US, and as far as China, stemmed from the fact that Mr. Embry, in his report, supported the basic assumptions that have been promoted by a group known as GATA, short for Gold Anti-Trust Action Committee. In essence, GATA has been promoting the notion that there exists an international conspiracy to suppress the price of gold through dumping it in large quantities on world markets, and that this conspiracy is managed by a number of central and commercial banks.
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