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Jan Nieuwenhuijs: How the Fed controlled the gold price from 1982-1995
9:14 ET Saturday, August 15, 2020
Dear Friend of GATA and Gold:
Citing an academic study, Voima Gold researcher Jan Nieuwenhuijs writes today that in the 1980s through at least 1995 the U.S. Federal Reserve considered the gold price to be a key indicator of expectations of consumer price inflation and so set interest rates to "stabilize" both inflation and the gold price itself.
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From the 1980s through the early 2000s, Nieuwenhuijs adds, gold leasing by central banks also pushed gold's price down.
His analysis is headlined "How the Fed Controlled the Price of Gold from 1982 Until 1995" and it's posted at Voima Gold here:
https://www.voimagold.com/insight/how-the-fed-controlled-the-price-of-go...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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