Perhaps thanks to the LIBOR scandal, gold market manipulation is beginning to look less like a crazy conspiracy theory and more like reality.
The story has gotten two mentions on CNBC, here in June and again here last week. The story has also made the UK’s Telegraph most recently on the 11th.
For anyone familiar with gold and currency, the ‘why?’ of gold manipulation is very intuitive. Gold is the nemesis of modern banking. But the ‘how?’ is a bit more complex. Chris Powel of GATA recently posted this explanation to the GATA website.
And for anyone yet unconvinced or in need of a refresher, this is an excellent piece that was posted to Zerohedge back in March.
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