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stustev
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Jim Rickards: Gold price manipulation is now a global effort to appease China - Chris Powell - GATA

Jim,
If the intent of the manipulation is to get more gold into China and it is imperative to accomplish this forthwith then why do not the world's central bankers aggregate their gold holdings and distrubute their gold where they deem it necessary. Why all the subterfuge and time wasted?
This suggests to me there are other forces and intentions.

Commented 3378 days ago

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Beginning of the headline :In May 2006 the economist R. Peter W. Millar of Value-Trac Research in Scotland published a study, "The Relevance and Importance of Gold in the World Monetary System," arguing that central banks would need to revalue gold upward by from seven to 20 times "to raise the monetary value of the world monetary base and hence reduce the burden of debt" and avert a deflationary depression. GATA published that study here: http://www.gata.org/node/4843 In May 2012 the U.S. economists and fund managers P... Read More

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