The people who own the fed and other central banks already have the bulk of the gold supply under control. If the fed bought gold they masses might be under the impression that it was public property.
The Fed recently appears to have lost control of the gold price as international demand for physical bullion may be exceeding the Fed's ability to manipulate the price down on the COMEX.
And yet many professional market commentators/analysts profess to being puzzled by the lack of volume in the COMEX gold contract together with the recent decline in Open Interest as the price rose strongly into new high ground.
Is that right? I don't pay attention to any MSM drivel, but it makes sense they'd be stringing along the idiot WSJ readers. In 2006 fed shill Greenspan was telling the plebs to buy real estate as soon as possible because prices would only continue to go up, and not only that, but to get adjustable rate mortgages while the banksters were shorting MBS all day long. A couple years later that worked out very well for them. Who could've known?
The Fed is currently the only central bank still selling gold. They have been doing so since the 1970s to flatter the value of the paper dollar. The reason the gold price is currently rising is because some central banks (eg, BRICS/SCO) are losing confidence in the dollar and selling dollars to buy gold.
Good point, but I haven't heard that the Fed is buying gold, though they should be...
The people who own the fed and other central banks already have the bulk of the gold supply under control. If the fed bought gold they masses might be under the impression that it was public property.
The Fed recently appears to have lost control of the gold price as international demand for physical bullion may be exceeding the Fed's ability to manipulate the price down on the COMEX.
Whatever bullion is in the market is being bought up as a lot of people know fiat is about to collapse, so it makes sense the price is spiking.
And yet many professional market commentators/analysts profess to being puzzled by the lack of volume in the COMEX gold contract together with the recent decline in Open Interest as the price rose strongly into new high ground.
Is that right? I don't pay attention to any MSM drivel, but it makes sense they'd be stringing along the idiot WSJ readers. In 2006 fed shill Greenspan was telling the plebs to buy real estate as soon as possible because prices would only continue to go up, and not only that, but to get adjustable rate mortgages while the banksters were shorting MBS all day long. A couple years later that worked out very well for them. Who could've known?
The Fed is currently the only central bank still selling gold. They have been doing so since the 1970s to flatter the value of the paper dollar. The reason the gold price is currently rising is because some central banks (eg, BRICS/SCO) are losing confidence in the dollar and selling dollars to buy gold.