Wikileaks 1974 State Dept. Cable Confirms Gold Futures Market Was Created for Price Suppression. (They don’t want you owning gold)

I guess the recent taxes on PM’s in many states is also a part of keeping the demand low. Make it unattractive to hold.

State Dept. Cable Confirms Gold Futures Market Was Created for Price Suppression
goldbroker.com/news/state-dept-cable-confirms-gold-futures-market-was-created-for-price-suppression-1070

TO THE DEALERS’ EXPECTATIONS, WILL BE THE FORMATION OF A
SIZABLE GOLD FUTURES MARKET. EACH OF THE DEALERS EXPRESS-
ED THE BELIEF THAT THE FUTURES MARKET WOULD BE OF SIGNIFI-
CANT PROPORTION AND PHYSICAL TRADING WOULD BE MINISCULE BY
COMPARISON. ALSO EXPRESSED WAS THE EXPECTATION THAT LARGE
VOLUME FUTURES DEALING WOULD CREATE A HIGHLY VOLATILE MAR-
KET.
IN TURN, THE VOLATILE PRICE MOVEMENTS WOULD DIMINISH
THE INITIAL DEMAND FOR PHYSICAL HOLDING AND MOST LIKELY
NEGATE LONG-TERM HOARDING BY U.S. CITIZENS.

wikileaks.org/plusd/cables/1974LONDON16154_b.html

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h/t McDonald Trunalimunumaprzure

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