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banksterslayer
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Where We Are At In the Global Precious Metals Markets - A Framework

- Jesse - Le Cafe Américain

Very well done summation of the gold situation. This was my favorite part:

"Quite to the point, I think much of what we are seeing now is the 'negotiation stage' of this process. It is not so much a question of outcome, but rather, of price. What is to be included and at what valuation to the various world currencies. I would be stunned if there was a return to an actual gold standard."

Commenté il y a 3948 jours

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Début de l'article :"We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K." Edward 'Steady Eddie' George, Governor Bank of England 1993... Lire la suite

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