https://www.sprottmoney.com/blog/is-the-dollar-gold-price-controlled-by-jpm-in-cooperation-with-the-bis-nico-simons.html
In this paper we conclude that JP Morgan [JPM] in cooperation with the
Bank of International Settlements [BIS] controls the dollar gold price
by using their very dominant position in gold derivatives in the US
Banking System. JPM held during 1999 -- 2014 an average of 3.262 paper
metric tons gold (derivatives) available for interventions on the
development of the dollar gold price with the BIS as counterparty.
Furthermore we conclude that the paper volume sets the dollar gold price
and that there is almost no influence on the dollar gold price from the
physical supply and demand. At last we ask ourselves of JPM and the BIS
are operating agents for a higher goal and conclude that there is no
free market for gold.''
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