On the possible existence of a gold cartel

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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