In this report I talk about an editorial written by the Financial Times of London in April of 2004 disparaging gold as an investment and asset. At the time the price of gold was at $400 per troy ounce and the FT argued that it was irrational to own gold and that modern central banks had figured out how to control inflation and manage the financial system.
Of course the FT has been completely discredited as gold went on to trade over $1000 less than four years later and then went on to trade almost to $2000 in 2011. I also argue that there is more to the manipulation of the gold price than just price manipulation as the FT is a mouth piece of the Globalist agenda and the free markets, sound money and competition is not something the Globalists appreciate as they a One World Government run by the financial elites.
I finish off by looking and briefly reviewing "Gold Wars", a book written by a former Rothschild banker from Switzerland in which he exposes the Globalist agenda to manipulate the gold price and keep the yellow metal away from the public consciousness.
My final conclusion is that gold and sound money will eventually win out as fiat money always fails.
"Gold Wars" by Ferdinand Lips:
