The Effects of Gold Price Suppression
Dimitri Speck
Chapter Chapter 30 in The Gold Cartel, 2013, pp 180-190 from Palgrave Macmillan
Abstract:
Abstract Many trails point to interventions in the precious metals market and make it possible to analyse the causes. Now, we want to turn to the question of what the consequences of these persistent interventions were. What is further of interest are the fundamental facts concerning the two antagonists in the realm of liquid stores of value: the difficult–to-duplicate, debtor-free commodity money gold, on the one hand, and the easy-to-multiply-at-will, default-prone credit and credit money on the other.
Keywords: Exchange Rate; Central Bank; Current Account; Public Debt; Foreign Exchange Reserve (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-28643-7_30
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DOI: 10.1057/9781137286437_30
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