by Chris Powell
GATA.org
Dear Friend of GATA and Gold:
A European friend well known to us who prefers not to fall under even more surveillance in his own country sends the observations below, for which your secretary/treasurer will take the responsibility of sharing with you.
His main point — that huge volatility will be injected into the gold market to facilitate government intervention elsewhere in the world financial system — echoes the cable sent from the U.S. embassy in London to the State Department in Washington on the eve of the creation of the gold futures market in New York in 1974.