Central Banks Manipulate Gold Markets
Central Banks Manipulate Gold Markets
Central Banks Manipulate Gold Markets
Central Banks Manipulate Gold Markets
Click to viewGold prices are being kept artificially low by Western Central Banks and "no one alive" has ever seen the true price of gold, according to Chris Powell, Secretary of the Gold Anti-Trust Action Committee (GATA).
GATA, an organization co-founded by Powells in 1998, claims that central bankers have been manipulating markets for decades, by overstating the amount of gold they hold in reserves to give the impression that there's abundant supply of bullion in order to depress prices. It argues that central banks are trying to control the price of gold because of bullion's influence on financial instruments, including currencies, government bonds and interest rates.
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