The Gold Price Conspiracy Uncle Sam Doesn't Want You to Know About

The Gold Price Conspiracy Uncle Sam Doesn't Want You to Know About

The Gold Price Conspiracy Uncle Sam Doesn't Want You to Know About

The Gold Price Conspiracy Uncle Sam Doesn't Want You to Know About - Money Morning

"The U.S. and Europe have always suppressed the rising price of gold," it reads. "They intend to weaken gold's function as an international reserve currency. They don't want to see other countries turning to gold reserves instead of the U.S. dollar or Euro. Therefore, suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar's role as the international reserve currency."

The Gold Price Conspiracy Uncle Sam Doesn't Want You to Know About - Money Morning

"China's increased gold reserves will thus act as a model and lead other countries towards reserving more gold," the cable said. "Large gold reserves are also beneficial in promoting the internationalization of the RMB

The Gold Price Conspiracy Uncle Sam Doesn't Want You to Know About - Money Morning

A U.S. District Court this year ordered the U.S. Federal Reserve to disclose to the Gold Anti-Trust Action Committee (GATA) the minutes of an April 1997 meeting of the G-10 Gold and Foreign Exchange Committee, as compiled by an official Federal Reserve Bank of New York. And it's a bombshell. The minutes suggest that officials from the G-10 governments and their central banks were, in fact, conspired to synchronize their policies to affect the gold market. It turns out that U.S. policymakers aren't just worried about preserving the dollar's role as the world's main currency reserve. They're also worried about the effects higher gold prices could have on the nation's debt burden.

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