The London Gold Pool

Eight central banks secretly coordinating to pin the gold price. It broke in 1968; the coordination, critics say, didn't.

The London Gold Pool (1961-68): eight central banks secretly coordinated gold sales to pin the price at $35 — documented in Fed and BIS records, collapsing in March 1968 when France withdrew and demand overwhelmed it (the two-tier market followed, then 1971). Declassified minutes confirm the coordination the gold-suppression literature alleges continued afterward (GATA's ongoing claims about leasing and futures management remain contested). The node gives the manipulation thread its confirmed historical instance.