Geschrieben von: spica
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06. Juni 2009
Posted in
English articles
Why is gold being manipulated?
Ask Ferdinand Lips in his speech from 24.06.2004 St.Gallen/CH
The question is part of his book Gold Wars : Military Conflicts, Gold and Currency Crises (link)
Gold is indeed being manipulated each day by a clique of reckless financial wrongdoers. The following chart shows the gold price movements and manipulation over a one-day period. You can clearly see what is happening here.
Normally, the price of gold rises in Europe, but as soon as the COMEX opens in New York it is driven downward – more on some days, less on others. And this takes place without regard to the harm, and by that I mean the economic damage, that it causes throughout the world. Why are these financial wrongdoers interested in manipulating gold? In each and every discussion about the future of gold and its price, one thing needs to be clearly understood: GOLD IS A POLITICAL METAL. And this is so for the simple reason that given its historical role as money, gold just isn’t compatible with the modern financial system. Up to 15 August 1971, there was never a period in history during which no currency was linked to gold.
The new USD started 15.08.1971
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