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2009 Wikileaks cable PROVES gold price manipulation

Explosive evidence dated 2009 from Wikileaks cable proving direct manipulation of gold prices.

http://wikileaks.org/cable/2009/04/09BEIJING1134.html

Currently, the majority of its gold reserves have been
located in the U.S. and European countries. The U.S. and Europe have
always suppressed the rising price of gold. They intend to weaken
gold's function as an international reserve currency. They don't
want to see other countries turning to gold reserves instead of the
U.S. dollar or Euro. Therefore, suppressing the price of gold is
very beneficial for the U.S. in maintaining the U.S. dollar's role
as the international reserve currency.

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This was originally posted in below thread, but a pity that nobody here even looked at it. Perhaps it was posted in the wrong forum.

http://www.dailypaul.com/178667/wikileaks-drops-bombshell-on...

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Golden opportunity

Based on the East's burgeoning gold imports, the Chinese and Indians appear to be taking full advantage of the West's gold price suppression.
In the first three quarters of 2013, gold demand in China was 797.8 metric tons, followed by India at 715.7 tons, according to the London-based World Gold Council.

Any cable knowledgable individuals out there?

I read the cable. But for me it has no context. Who authored the cable? Who is the recipient? Without that information the statements in the cable are of unknown significance.

From what I can tell these paragraphs in the cable are Chinese state issued blurbs. An accusation that the Chinese government media makes PROVES that The U.S. government is suppressing gold price?

Now before all you precious metal baboons start hacking me to pieces for questioning the gospel of manipulation, relax. I'm with you. I do believe. I believe because the fundamentals tell me price is manipulated, not because the Chinese government told me.

Can we do better than this? Or am I missing something about reading the cable? Sincere question. Perhaps I'm missing something/s.

Shijie Xinwenbao World News Journal

FM AMEMBASSY BEIJING
TO RUEHC/SECSTATE WASHDC 3690

Cable sent FROM the US embassy in Beijing, TO the Secretary of State office in District of Criminals on April 28, 2009.

The directly quoted paragraph is written by one Shijie Xinwenbao (施杰辛 温宝) in World News Journal on April 28, 2009. I was unable to find direct link to his article in that newspaper.

The significance of the cable is: "US government knows that Chinese government knows that US government is directly involved in gold price manipulation". The very fact that such cable is being sent from US embassy is considered implicit ownership by US authorities of their dirty deeds. At least, that's the theory which GATA went by.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

Thanks

I appreciate the further explanation. Still, I don't see this proving anything. It simply shows someone in the state department reported back to the U.S. some samples of Chinese propaganda. There is nothing profound, surprising, revelatory or even very interesting about these three paragraphs.

The first paragraph says China would like Japan to be less influenced by the U.S. and more influenced by China. Common knowledge, common sense.

The second paragraph says China chafes at U.S. pursuit of world hegemony, and hopes it will change policy. Common knowledge, common sense.

The third paragraph says the U.S. wants to keep gold weak so the dollar can stay strong. Common knowledge, common sense - to anyone that isn't an ivy league qualified U.S. economist.

If this is how proof is defined, then the standard is frighteningly lax. F. Peter Brown (author of piece) seems to infer a great deal from very little.

I think GATA has given good evidence of price manipulation by way of massive, timed movements of paper. Better to focus on that than sensationalize an otherwise nondescript cable (of which there were millions released by wiki-leaks) that names not one individual, institution, method or means involved with the manipulation.

No way! manipulation? I

No way! manipulation? I thought the price of gold and silver went down because of Elliot wave theory!

Revel in it

!!!

"It is difficult to free fools from the chains they revere".
--Voltaire

It's hard not to be a menace to society when half the population is happy on their knees. - unknown

Good one !

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