ECB Announces That 20 Year Old Gold Sales Agreement Is Over

The ECB made a surprise announcement about a 20 year old gold sales agreement…

by Jason Burack of Wall St. For Main St.

On Friday, the ECB made a surprise announcement about a 20 year old gold sales agreement.

  • Europe’s central banks ditch 20-year-old gold sales agreement.
  • This is similar to how the London Gold Pool ended.
  • The Gold Cartel: Government Intervention on Gold, the Mega Bubble in Paper, and What This Means for Your Future by Dimitri Speck.
  • The Gold Cartel is an insightful and thought-provoking analysis of the world market for gold, how it works, and what influences gold price. But it also lends insight into something more disturbing – the organized intervention in the gold markets by Central Banks.
  • In February 1965 President Charles de Gaulle announced his intention to exchange its U.S. dollar reserves for gold.

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