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The American Empire in a Changing World



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Saturday, June 30, 2012

''The why and how of gold price suppression''

From GATA via 24hGold

"Gold is so important that Western central banks -- particularly the U.S. Treasury and its Exchange Stabilization Fund, the Federal Reserve, and allied central banks -- rig the gold market every day, even hour by hour. Why do they do this?

 
It's because gold is a powerful competitive currency that, if allowed to function in a free market, determines the value of other currencies and influences interest rates and the value of government bonds."

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