Gold Wars

Gold Wars is a theory that the price of gold is being manipulated to protect the Reserve Currency status of the US dollar.
Books
The primary source of the theory is detailed in several published books: Gold Wars: Battle for the Global Economy (Kelly Mitchell, 2013), Gold Wars: The Battle Against Sound Money as Seen From a Swiss Perspective (Ferdinand Lips, (2002) and The Gold Cartel: Government Intervention on Gold, the Mega Bubble in Paper, and What This Means for Your Future (Dmitri Speck, 2013).
Gold Wars: The Battle for the Global Economy
Gold Wars: The Battle for the Global Economy by Kelly Mitchell appeared in Nov. 2013. Mitchell's broad contention - the system is controlled primarily by the Western Banking 'Cartel,' a corrupt coalition of mega-banks and Central banks. By allowing banks very broad latitude for monetary creation, the system has become inherently unstable. Central Banks (and especially the Federal Reserve and European Central Bank are fighting debt deflation by printing money. However, the massive printing Quantitative Easing should lead to a rise in commodity prices. Gold would be an important indicator, as real gold strength indicates weakness in paper currencies. Therefore, Mitchell says, the 'Cartel' is deliberately suppressing the price of gold.
Mitchell links the Gold Wars to the supposed Petrodollar standard - the global monetary system supporting the US dollar. The alleged Petrodollar standard - a system of accepting only dollars for oil, then reinvesting the proceeds back into US debt. This sustains the dollar is the world reserve currency. The Gold Wars are linked by Mitchell to actual wars and the desire to protect the Petrodollar Standard. Hussein began accepting Euros for oil in 2000.
The Gold Cartel
The Gold Cartel by Dmitri Speck covers central banks manipulations of the gold market. The motive is to steady financial markets and subdue inflationary pressures. Speck, a long-term commodity trader, uses quantitative and technical analytics of gold price changes. He discusses the reasons for interventions and the timing thereof. His contention is that this process has led to a deep distortion in global currency and bond markets, with the consequent formation of the world's largest ever asset bubble.
Gold Wars: The Battle for Sound Money
Gold Wars: The Battle for Sound Money as seen from a Swiss Perspective by Ferdinand Lips is a historical reference to the gold suppression theory. Published in 2002, the book does not cover the latest concepts in manipulation, notably precious metal etf's, "smackdowns", early morning price drops, Petrodollar standard, deep technical analysis or tungsten-plated gold as these occurred after that date.
According to Lips, the major financial powers have pushed the price down for decades, since the end of the gold link to the dollar. This suppression has led to a number of negative effects, including wars and a general decline in the moral fabric of society. Sound money prevents this, Lips believes.
 
< Prev   Next >