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Palgrave Macmillan

The Gold Cartel

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

  • Book
  • © 2013

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Authors:
  1. Dimitri Speck
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Table of contents (35 chapters)

  1. Front Matter

    Pages i-xix
    Download chapter PDF

  2. Why Gold?

    • Dimitri Speck
    Pages 1-4

  3. The Crises of the 1990s

    • Dimitri Speck
    Pages 5-7

  4. The Strange Behaviour of Gold during Crises

    • Dimitri Speck
    Pages 8-15

  5. The Strange Intraday Behaviour of Gold

    • Dimitri Speck
    Pages 16-18

  6. The First Statistical Studies

    • Dimitri Speck
    Pages 19-22

  7. Statistical Proof and Dating of Gold Interventions

    • Dimitri Speck
    Pages 23-26

  8. Intraday Movements of the Gold Price 1986–2012

    • Dimitri Speck
    Pages 27-33

  9. Gold is Different

    • Dimitri Speck
    Pages 34-36

  10. Means of Gold Market Intervention I: Sales

    • Dimitri Speck
    Pages 37-40

  11. Means of Gold Intervention II: Gold Lending

    • Dimitri Speck
    Pages 41-43

  12. The Gold Carry Trade

    • Dimitri Speck
    Pages 44-45

  13. Coordination of Private Banks and Central Banks

    • Dimitri Speck
    Pages 46-49

  14. Giving the Game Away: Central Bankers are Human Beings Too

    • Dimitri Speck
    Pages 50-51

  15. The Books are Silent

    • Dimitri Speck
    Pages 52-55

  16. The Miraculous Gold Multiplication

    • Dimitri Speck
    Pages 56-60

  17. How Much Gold is on Loan Worldwide?

    • Dimitri Speck
    Pages 61-75

  18. Means of Gold Intervention III: Intervention through the Futures Market

    • Dimitri Speck
    Pages 76-81

  19. The Gold Pool and Other Gold Market Interventions before 1993

    • Dimitri Speck
    Pages 82-92

  20. 5 August 1993, 8.27 a.m. EST: The Beginning of Systematic Gold Market Interventions

    • Dimitri Speck
    Pages 93-98
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About this book

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.

Reviews

"From my studies in economic history I am not familiar with a single instance where a market manipulation has been successful in the long-term. Governments and their Agencies always impose price support or price suppression measures (for instance price and wage controls) but market forces always dispose of these interventions by prices collapsing through support levels or soaring though the temporary controlled prices. It is my opinion that soaring gold prices in future will completely destroy the little credibility central banks still enjoy. This is a very good and well researched read." - Marc Faber, Editor, The Gloom Boom and Doom Report

"The Gold Cartel is a brisk, articulate and convincing read. Even so, it remains extremely sound. A miracle!" - Professor Heinz Christian Hafke, former German Bundesbank Director

About the author

DIMITRI SPECK is commodity analyst and chief developer of trading strategies for asset manager Staedel Hanseatic, where he is responsible for the Stay-C commodity fund that won the Hedge Fund Journal's award as best European commodity fund. He specialises in economic history and empirical measurable market patterns, and in 2001 he discovered, with the help of intraday anomalies, that central banks have been systematically intervening in the gold market – research that formed the basis for this book. Speck holds a patent for an iterative financial market, is the author of numerous articles on the gold markets and other financial topics, and is publisher of the financial website www.seasonalcharts.com.

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