| Description |
1 online resource (304 pages) |
| Contents |
Preface -- 1. Why Gold? -- 2. The Crises of the 1990s -- 3. The Strange Behavior of Gold During Crises -- 4. The Strange Intraday Behavior of Gold -- 5. The First Statistical Studies -- 6. Statistical Proof and Dating of Gold Interventions -- 7. Intraday Movements of the Gold Price 1986-2012 -- 8. Gold is Different -- 9. Means of Gold Market Intervention I: Sales -- 10. Means of Gold Intervention II: Gold Lending -- 11. The Gold Carry Trade -- 12. Coordination of Private Banks and Central Banks -- 13. Giving the Game Away: Central Bankers are Human Beings Too -- 14. The Books are Silent -- 15. The Miraculous Gold Multiplication -- 16. How Much Gold is on Loan Worldwide? -- 17. Means of Gold Intervention III: Intervention through the Futures Market -- 18. The Gold Pool and Other Gold Market Interventions before 1993 -- 19. August 5 1993, 8:27 a.m. EST: The Beginning of Systematic Gold Market Interventions -- 20. The Decisive Fed Meeting -- 21. Greenspan Ponders Gold Market Interventions -- 22. Phases of Gold Price Suppression -- 23. Shock and Awe -- 24. The Financial Market Crisis of 2008 and the Euro Crisis of 2011 -- 25. Strong Dollar and Weak Mining Stocks -- 26. Interventions in the Silver Market -- 27. Swapped Bundesbank Gold and Other Mysteries -- 28. Who Intervenes? -- 29. The Mystery of May 18 2001, 12:31 -- 30. The Effects of Gold Price Suppression -- 31. The Wonderful World of Bubbles -- 32. Have Many Mini-Bubbles Created a Mega-Bubble? -- 33. Money or Credit -- 34. Possible Scenarios for the Future -- 35. Back to Gold |
| Summary |
In times of financial crises and imminent sovereign defaults, gold is the investment on everyone's lips. As a safe investment, one could traditionally rely on gold markets for good, stable performance, however in recent years, they have seen surprising volatility and price fluctuation, with no visible reason as to why. In The Gold Cartel, seasoned commodity analyst Dimitri Speck illustrates in detail how central banks have secretly manipulated the price of gold in an effort to calm financial markets and control inflation. Using quantitative analysis of historic gold market patterns, the author shows how and when central banks intervene in gold markets, and how this has affected price movement and impacted the global financial markets, leading to the creation of a mega-bubble. Since the abolition of the gold standard in 1971, the indebtedness of the global economy has increased rapidly and has now reached levels way beyond comprehension. What are the mechanisms that have led us to this mega-bubble? Is it possible to avoid a catastrophic outcome like deflation or hyperinflation? And how does this relate to the gold markets? This book has the answers |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Gold -- Economic aspects
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Gold -- Prices -- Government policy
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Banks and banking, Central.
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Financial crises
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Banks of issue.
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Banking.
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Stocks & shares.
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BUSINESS & ECONOMICS -- Finance.
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Banks of issue
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Banks and banking, Central
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Financial crises
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Gold -- Economic aspects
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Investment & securities.
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Banking.
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Finance and Accounting.
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| Form |
Electronic book
|
| ISBN |
9781137286437 |
|
1137286431 |
|
1349449342 |
|
9781349449347 |
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9781137286420 |
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1137286423 |
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