For the past 47 years, ever since President Nixon closed the Gold Window the gold market has been rigged by an anti-gold cabal while the gold mining company management keep silence about the suppression of the gold price.
Governments and Central Banks consider gold to be a political metal and therefore justify it's continuous suppression.
Since 1971 when President Nixon closed the Gold Window no paper currency has been linked to gold.
The politicians and the banksters consider gold to be the enemy, but the real enemy is the lack of a gold standard which would guarantee prosperity.
The depression of 1929 was caused by the central bankers when they replaced the gold standard with a gold exchange standard. This enabled them to generate fiat money otherwise known as worthless paper. Current examples are Venezuela and Argentina. They are the latest in a long list. Central banks have often been the cause of crises after which they take credit for their resolution.
Gold is ideally manipulated by central banks when stock markets are soaring since people are more interested in the stock markets than the gold market.
When the banking systems are in danger of a collapse, as what happened in the Latin American debt crisis, the price of gold tends to rise as occurred in the early 1980's.
For many years the media has consistently diverted attention from gold and disparaged it.
The desirability of central banks existence to the banking system (especially large banks) is that they will not prevent the banks from their insatiable desire to inflate the currency therby enhancing their profits to the detriment of public interest.
The International Monetary Fund has become an anti-poor people organization whereby they are arranging the transfer of wealth from poor people to the elite rich.
Governments never admit to their citizens that they are watering down their currency and the public is usually not aware of it and expecially to the extent to which it impoverishes them.
Governments historically have always tried to conceal the truth about their debasement of the currency.
Lawrence White, economist, is quoted as saying: "When we assign the production of money to government, we should expect inferior money." Paper currencies last approximate 47 years and have to be reset but gold is stable and lasts forever.
Today currencies depend on trust in the government or in the U.S. in the Federal Reserve. It has been de-monetised and causes the population tremendous hardships all the while enabling the continuous transfer of wealth to the elite rich. Today approximately 62 people around the world own more than 50 % of the world's wealth.
The foremost duty of a central bank is to protect the integrity of the currency but the opposite occurs while the people are fooled.
