Volcker and Gold Suppression by The Federal Reserve

Here is an excerpt from Paul Volcker's memoirs -of course only published in Japan and no US media- on events of February 12, 1973:

"That day the U.S. announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange rate, the Japanese currency appreciated, and a sufficient realignment in exchange rates was realized. Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake."

The full report can be found on GATA's website. They are doing a great job.