Tag: london gold pool

Today’s Gold Market Increasingly Resembles The London Gold Pool

Today’s Gold Market Increasingly Resembles The London Gold Pool

History does not repeat itself, but it does rhyme. The question is: with which period exactly does it rhyme? This article presents a scenario that has remained rather underexposed: today’s gold market resembles the one of the 60ies, in particular the London Gold Pool. It shows increasingly more compelling similarities, and all recent developments point to an unfolding London Gold Pool scenario.

Continue Reading

History Learns That Manipulation In The Gold Market Has An Explosive Ending

History Learns That Manipulation In The Gold Market Has An Explosive Ending

The London Gold Pool was designed to keep the price of gold capped in an era when the world’s reserve currency had a tangible backing. In defending the price, the eight members of the Pool were forced to sell way more gold than they had initially contributed in order to keep the price from going where it desperately wanted to go — higher.

Continue Reading