Heller: US Government's Gold Price Suppression Not Only Not A Secret; It's Legal!

``... the [1993 Gold Reserve] Act also directed the creation of the Exchange Stabilization Fund (ESF), which occurred on January 31, 1934. In April, the US Treasury transferred $2 billion of its $2.8 billion profit from the revaluation of gold into the ESF. The Act authorized the ESF to use its assets to deal in gold and foreign exchange for purposes of stabilizing the value of the US dollar. The ESF was designated as a part of the executive branch that would not be subject to legislative oversight.''