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9781137286420

The Gold Cartel Government Intervention on Gold, the Mega Bubble in Paper, and What This Means for Your Future

by
  • ISBN13:

    9781137286420

  • ISBN10:

    1137286423

  • Format: Hardcover
  • Copyright: 2013-10-24
  • Publisher: Palgrave Macmillan
  • Purchase Benefits
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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.

Author Biography

Dimitri Speck (Berlin, Germany) is a quantitative asset manager and trading system developer. He is responsible for two investment funds, a stock fund and a commodity fund, both of which have considerably outperformed the market since inception. Speck has specialized on patterns and the analysis of complex financial issues. He is the founder and editor of the website www.seasonalcharts.com, where for the first time accurate daily seasonal charts are illustrated. He is a well known expert on precious metals investment analysis, and he has been interviewed for a number of investment letters and websites and has spoken at industry events on the topic.

Table of 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

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The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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