Is this anything?

[barrett]

Just found this bit online:

http://www.reuters.com/article/2014/05/ ... HS20140526

Should we care?

[Kshartle]

I don't think anyone following the HBPP exclusively has any reason to consider this.

We should all cheer on more exchanges and decentralization of trade.

The US government and others openly manipulated the price of gold for decades if not longer. The US government openly manipulated the prices of silver for more than a century.

Obviously those who have little to no physical gold in their possesion or are short millions of ounces have a vested interest in seeing it fall.

Competition between exchanges should result in more open and honest transactions and pricing between legitimate buyers and sellers.

This is a good thing and bullish for the price which I think is being artificially suppressed.

[Stewardship]

I don't think anyone following the HBPP exclusively has any reason to consider this.

We should all cheer on more exchanges and decentralization of trade.

The US government and others openly manipulated the price of gold for decades if not longer. The US government openly manipulated the prices of silver for more than a century.

Obviously those who have little to no physical gold in their possesion or are short millions of ounces have a vested interest in seeing it fall.

Competition between exchanges should result in more open and honest transactions and pricing between legitimate buyers and sellers.

This is a good thing and bullish for the price which I think is being artificially suppressed.

+1

[MachineGhost]

The US government and others openly manipulated the price of gold for decades if not longer. The US government openly manipulated the prices of silver for more than a century.

That's a gross oversimplification.  We had several gold standards over that period of time, so of course "manipulation" was required to keep the price pegged to paper money because back then paper money WAS gold. 

[Libertarian666]

The US government and others openly manipulated the price of gold for decades if not longer. The US government openly manipulated the prices of silver for more than a century.

That's a gross oversimplification.  We had several gold standards over that period of time, so of course "manipulation" was required to keep the price pegged to paper money because back then paper money WAS gold. 

That must have been a very thin sheet of gold then. Wouldn't it have bent too easily to be usable?

[Kshartle]

The US government and others openly manipulated the price of gold for decades if not longer. The US government openly manipulated the prices of silver for more than a century.

That's a gross oversimplification.  We had several gold standards over that period of time, so of course "manipulation" was required to keep the price pegged to paper money because back then paper money WAS gold. 

That must have been a very thin sheet of gold then. Wouldn't it have bent too easily to be usable?

hahah.

It was like the golden tickets from Willy Wonka.

Honestly though....the point is the US government in conjunction with other governments managed the price of yellow metal in terms of their currencies for decades or longer through direct and open intervention. It's obvious that they still openly manage their paper exchange rates in conjuction with each other.

It's not a big leap to assume they are still covertly managing the price of gold. If they are, which way do you think they are managing it, down or up?

[MachineGhost]

It's not a big leap to assume they are still covertly managing the price of gold. If they are, which way do you think they are managing it, down or up?

It's also not a big leap to realize that with currencies no longer being linked to or backed by gold and available in unlimited amounts with no consequence other than inflation, governments no longer care a whit about manipulating gold.  As that saying goes, conspiracy theories are a refuge for the powerless.  And nothing is more powerless than holding a falling asset and losing money on it.  I'm just glad its a hunk of inert metal I can caress instead of itsy bitsy iffy paper.

[Kshartle]

It's not a big leap to assume they are still covertly managing the price of gold. If they are, which way do you think they are managing it, down or up?

It's also not a big leap to realize that with currencies no longer being linked to or backed by gold and available in unlimited amounts with no consequence other than inflation, governments no longer care a whit about manipulating gold.  As that saying goes, conspiracy theories are a refuge for the powerless.  And nothing is more powerless than holding a falling asset and losing money on it.  I'm just glad its a hunk of inert metal I can caress instead of itsy bitsy iffy paper.

If they didn't care about gold why do central banks hold it? You must believe in the Bernanke answer "tradition". Why does China not allow gold to be exported? Why does India apply such huge taxes on gold? Why won't the US give Germany back it's gold?

You must beleive in a lot of coincidences. Sorry, I'm not a coincidence theorist.

[Libertarian666]

It's not a big leap to assume they are still covertly managing the price of gold. If they are, which way do you think they are managing it, down or up?

It's also not a big leap to realize that with currencies no longer being linked to or backed by gold and available in unlimited amounts with no consequence other than inflation, governments no longer care a whit about manipulating gold.  As that saying goes, conspiracy theories are a refuge for the powerless.  And nothing is more powerless than holding a falling asset and losing money on it.  I'm just glad its a hunk of inert metal I can caress instead of itsy bitsy iffy paper.

If they didn't care about gold why do central banks hold it? You must believe in the Bernanke answer "tradition". Why does China not allow gold to be exported? Why does India apply such huge taxes on gold? Why won't the US give Germany back it's gold?

You must beleive in a lot of coincidences. Sorry, I'm not a coincidence theorist.

Why do you hate America?