Lars Schall met up with Munich based quantitative market research analyst and author Dimitri Speck. Dimitri also serves as a consultant to the US-based Gold Antri-Trust Action Committee (GATA).
In Part 1 (16 minutes) of this excellent interview Dimitri explains in detail what the effect of agreements between the FED, other central banks and bullion banks has been during the past 20 years. And why the original motivation to suppress the gold price was to lower the inflation expectations of the people and therewith directly also support bond prices as well as maintaining a relatively strong US currency in the process.
Egon von Greyerz
Dimitri Speck is a quantitative asset manager, trading system developer and gold market analyst from Munich, Germany. He specializes in pattern recognition of charts. As part of this activity he came across an anomaly in the gold price, and he was ultimately able to demonstrate systematic interventions in the gold market since August 1993. Speck, who is a consultant to the US-based Gold Anti-Trust Action Committee, GATA, wrote the book "The Gold Cartel: Government Intervention on Gold, the Mega Bubble in Paper, and What This Means for Your Future," published in late 2013 at Macmillan.
"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.
Furthermore, Speck is the author of the German book "Geheime Goldpolitik" ("Secret Gold Policy"), which was published in 2010 at the Finanzbuch Verlag in Munich -- see here. Speck is responsible for two investment funds, a stock fund and a commodity fund, both of which have considerably outperformed the market since inception. Moreover, he is the founder and editor of the website "Seasonal Charts" (http://www.seasonalcharts.com/), where accurate daily seasonal charts are illustrated. He is a well-known expert on precious metals investment analysis, and he has been interviewed for a number of investment letters and websites and has spoken at industry events on the topic.
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