From The Wall Street Journal Asia
Thursday, April 16, 2009
giovedì 16 aprile 2009
If currency market is rigged, might gold be too?
The unsigned commentary appended here from today's Asian edition of The Wall Street Journal, headlined "Geithner's Yuan Sense," acknowledges that the currency markets are not free -- GATA would call them "rigged" -- because "monopolist central banks control the supply of currencies in modern economies." Would it much of a step beyond that to acknowledge that the gold market might be rigged too because "monopolist central banks" also control the supply of gold and gold derivatives, at least for the time being?
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