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Quentin Drew
Member since May 2012
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A Short History of the Gold Cartel

- James Turk - Goldmoney

An excellent article, but I am not clear about the conclusion. The two choices surely point in the same direction. Either the cartel will fail and the price of gold will increase further, or what remains of the free market in America will disappear in which case the price of gold is still likely to increase because by that time everyone will realize (particularly outside America if not within) that the US$ is on the way down (along with virtually all other world currencies) and will end up dumping the dollar so that gold increases even more dramatically. In a sense, could it not be said that the US dollar's ubiquity as world currency makes it particularly vulnerable to being dumped (with, apparently, half of all US dollars held outside the US) and is this not a good reason why there is probably no way out for the US government no matter what it wants to do? Would be very interested to hear what James has to say about this. It is a really fascinating subject and have learnt a lot by listening to all your broadcasts and reading your articles. Quentin Drew

Commented 4738 days ago

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Beginning of the headline :Governments want a low gold price to make national currencies look good. Gold is recognizable the world over as the "canary in the coal mine" when it comes to money. A rising gold price blurts the unpleasant truth that a national currency is being poorly managed and that its purchasing power is being inflated... Read More

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