Slide #12 - The Gold Anti-Trust Action (GATA) Committee reveals important anti-gold market manipulation to prolong and enlarge the Kondratieff expansion
Slide (12) ' The Gold Anti-Trust Action (GATA) Committee reveals important anti-gold market manipulation to prolong and enlarge the Kondratieff expansion Gold is the enemy of paper money because, when the gold price rises, it sends a signal that all is not well with the economy. And so, policy makers have, as GATA has pointed out, engaged in activities to deceive the public into thinking gold is no longer a good monetary asset to own. GATA members who have been largely responsible for mountains of evidence in support of anti-gold manipulation are Bill Murphy, Chris Powell, James Turk, Reginald Howe, Mike Bolser, Ed Steer, and Bob Landis. Much of what GATA has discovered is available at www.gata.org. Providing the initial intellectual capital for GATA was Frank Veneroso, another Harvard-educated consultant to central banks, the World Bank, foreign governments, and a hedge fund manager. Mr. Veneroso has access to some of the world's most powerful central bankers. His very detailed work on gold led him to the conclusion that gold should have been priced above $600 per ounce in 1998 without any panic from paper money into gold'in other words, during good times. Frank's detailed work led him to the conclusion that central banks were dumping far more gold on to the markets than they were leading the markets to believe. This was accomplished chiefly via gold leases.