Gold Price Manipulation: How It's Done, The Evidence & 57-page Report for DownloadSubmitted by Charleston Voice on Thu, 03/29/2012 - 17:21
Posted by Charleston Voice, 3.29.2012
Thursday, March 29, 2012 2:05 PM EDT
Gold Price Manipulation: Bullion, Gold Stocks Undervalued - Report
By Moran Zhang
Some industry experts believe the gold price has been artificially suppressed due to its strong impact on interest rates and government bond values, leaving many gold equities "significantly" undervalued.
One such expert is Bill Murphy, chairman of the Gold Anti-Trust Action Committee, or GATA.
"It's been an ongoing maneuver especially of late," Murphy told the International Business Times. "There has never been an asset class that's been going up 12 years in a row."
Murphy believes the price of gold has been "artificially low for the past 12 years" as it has been manipulated by bullion trading banks, central banks with large gold holdings and the U.S. government.
"This gold cartel only allows gold to advance so much in a year," Murphy said...