Money Morning Discovers Possible Evidence of Gold Price Conspiracy in U.S. Government


Baltimore, MD (PRWEB) October 06, 2011

A gold price conspiracy among some of the worlds most powerful governments may be controlling the gold market, according to Resources Specialist Peter Krauth.

In the decade between 1999 and 2009, central banks – dominated by the West – were net sellers of gold in every single year. And that’s despite the fact that gold in that time soared from $ 250 an ounce to $ 1,200 per ounce – a nearly 400% gain, says Krauth in a new report for Money Morning.

He goes on to explain that, while prices for gold were rising astronomically – making gold investors incredible profits, the U.S. Federal Reserve, Bank of England and several other government banks in the West were selling their gold reserves in what could have been an attempt to flood the gold market.

According to the report, Krauth shows that these governments werent selling their gold to cash in on the profit. They were orchestrating a coordinated attack to prevent gold prices from rising too high.

In three years, the Bank of England sold nearly half its gold reserves, while gold prices were in a protracted bull market. Thats not a move a government makes unless its trying to fight the markets head-on, says Krauth.

And it succeeded. The announcement that the Bank of England would be dumping 395 tons of gold into the market was enough to drive gold prices down more than 10%.

Whats worse, according to recent documents released by the Gold Anti-Trust Action Committee, this sort of gold price manipulation may still be part of the Federal Reserves plans to artificially support the U.S. dollar and U.S. debt against foreign currencies.

What does this mean for those who invest in gold?

Find out in Peter Krauths new Money Morning report The Gold Price Conspiracy Uncle Sam Doesnt Want You To Know About.

Money Morning.com provides valuable investment research and analysis to its more than 650,000 readers everyday. Its market and industry experts offer unique insights on new market trends and little-known companies and industries, while showing readers the truth behind todays biggest news stories.

Please feel free to repost this story on your website, including a link to the original article on Money Morning only the investment news you can profit from.

Respectfully,

William Patalon, III

Executive Editor

###







Tags: , , , , , , , , ,

Comments are closed.

CIGI Experts Outline Prescriptions for Cannes Summit and Beyond in Special Report on G20 Issues

Waterloo, Ont. (PRWEB) October 20, 2011 With a possible euro zone collapse and Greek insolvency likely to dominate the upcoming [...]

Pathways Home Health and Hospice Satu Johal Receives CFO of Year of the Year Award; Silicon Valley Business Journal Honoree

Sunnyvale, California (PRWEB) December 02, 2011 Satu Johal, CFO at Pathways Home Health & Hospice, received the Silicon Valley Business [...]

Latest Financial Regulation News

Working Together Towards Better Financial Regulation and Stability in Asia Image by Asian Development Bank Tellers attend to clients in [...]

European financial regulation – 4 questions to Olivier Garnier (Societe Generale)

Olivier Garnier, Chief economist at Societe Generale Group, expresses his view on European financial regulation and its reform. Video interview [...]

AMS Health Care Mortgage Corporation Provides Debt Service Savings to Hospitals Utilizing FHA 242 Mortgage Insurance Program

Jacksonville, FL (PRWEB) August 30, 2013 An oft-overlook and relatively unknown federal program for hospitals seeking capital for needed and [...]

Vermont’s Captive Insurance Industry Off to Best Start Since 2005

Montpelier, VT (PRWEB) April 16, 2012 First quarter licensure of new captive insurance companies is off to a strong start [...]