22 July 2010

Gold Daily Chart


“Central banks stand ready to lease gold in increasing quantities should the price rise.”

Sir Alan Greenspan, US Federal Reserve Bank, 24 July 1998


"We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K."

Sir Eddie George, Bank of England, September 1999


"The schools would fail through their silence, the Church through its forgiveness, and the home through the denial and silence of the parents. The new generation has to hear what the older generation refuses to tell it...The only value of nearly five decades of my work is a warning to the murderers of tomorrow, that they will never rest.”

Simon Wiesenthal



"Who is our Simon Wiesenthal? Who will track down these criminals in the coming months, years, decades? Perhaps we need some old men to spend their last years in prison after thinking they effectively fleeced the world. Perhaps the cycle of crises can be mitigated if the prosecution for these particular crimes continues for decades and every so often Wall Street is reminded that there is no sanctuary and that individuals will be hunted down at whatever time in whatever place."

The Fourteenth Banker, Financial Crime, the Statute of Limitations, and Simon Weisenthal