The European Gold Cartel

by Robert Wood - Sociologist -
- Quis custodiet ipsos custodes? - Who will watch the watchers?

The European Central Bank and 24 other European central banks have taken total control over the gold trade. Quote: Press Release from The World Gold Council: “The European Central Bank (ECB) reasserts the crucial commitment of CBGA signatories (24 European central banks) to continue the coordination of gold transactions in order to avoid market disturbances.”

The EU-Commission is fighting all kind of cartels with heavy fines, but fail to do something with the cartels within the EU-central bank system. This in spite of the following fancywords.
“The EU Single Market for Goods consists of 500 million consumers and 21 million small and medium-sized enterprises (SMEs). Trade within the internal market is essential for the growth of enterprises and inward investment. The European Commission’s main goal is to ensure the free movement of goods within the market, and to set high safety standards for consumers and the protection of the environment.” - European Commission