From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Tue Nov 30 2004 - 18:35:18 EST
Paul B has suggested that there is a cartel attempting to hold the price of gold up by preventing labour saving technology being used there. I had never come accross this suggestion. At present there seems no material at all cited in google scholar suggesting this. On plain vanilla google there is masses. It all looks like conspiracy theory stuff claiming that there is an international gold cartel aiming to hold the price of gold down not up - it alleges that the leading private and state banks are conspiring to sell gold whenever the price rises, claiming that in the absence of this intervention the gold price would be closer to 500 dollars.
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