150 Years of Government Intervention in the Gold Market.

in #dtube5 years ago


In this report, I cover the early market action from London on Monday, April 29th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.

Today I look into the history of the gold market and how the U.S. government intervened in the market way back in 1869. I go over an interesting passage in a book entitled War and Gold that goes over this episode when James Fisk and Jay Gould tried to corner the gold market in the period when the U.S. had not gone back to a gold standard after the Civil War.

So government interference and manipulation of the precious metals is nothing new and continues to this day with the help of Central Banks, Bullion Banks and derivatives exchanges like the CME Group.

My conclusion is that even though the precious metals markets are manipulated by the authorities one needs to have the financial insurance that physical gold and silver provide.

Use promo code maneco64 to get a 0.5% discount on gold and silver bullion purchases at https://www.goldinvestments.co.uk/

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