NEW UNCOVERED INFORMATION: Why Central Banks Were Forced To Rig The Gold Market
By Steve St. Angelo, SRSrocco Report
GoldSeek.com
Wednesday, 1 March 2017
According to newly uncovered information in the gold market, it provides additional evidence of why the Fed, Central Banks and the IMF were forced to RIG the gold market. Actually, looking at this new information, I had no idea of the amount of Fed, Central Bank and IMF gold market intervention until I put all the pieces together.
Now, when I say “new information”, it pertains to new information and data that I dug up from older official documents. While most of the folks in the precious metals community realize that the Fed and Central Banks have sold gold into the market to depress the price, this new evidence puts the gold market it in an entirely DIFFERENT LIGHT.
Furthermore, additional data points to a “Gold Supply & Demand” situation that would have gone completely out of control, if the Fed, Central Banks and IMF did not step in.
To preface this subject matter, the Central Banks dumped a lot of gold into the market during the 1960’s to maintain (suppress) the official gold price. This was known as the “London Gold Pool” where an estimated 78 million oz (moz) of gold were dumped into the market between 1961 and 1968. I explained this in my THE GOLD REPORT- Investment Flows.
However, when Nixon dropped the Dollar-Gold Peg on August 15, 1971, the problems with the global monetary system were just beginning. In a report published in November, 1972, by the U.S. Congress and Subcommittee on International Payments of the Joint Economic Committee for the purpose of “De-emphasizing gold as a reserve asset”,it stated the following:
The Rest…HERE
