Saturday, October 3, 2009

Gold suppression confirmed

Enclosed is a declassified letter on gold price suppression schemes:

This is a letter from the State Department:

And here's a commentary by on a letter written by former Fed Chairman Arthur Burns to President Gerald Ford on gold policies:

These letters are part of the mounting prima facie evidence that the US government and central bankers worldwide are suppressing the price of gold, in an attempt to control inflation and maintain confidence in the financial system. This not only damages investors in precious metals, but it also harms gold producers as low gold prices make mining operations unprofitable and discourage exploration. The other unintended consequences include a lower standard of living and political instability in other countries.

The conspiracy theorist gold bugs aren't so nutty after all.

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