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To: Toddsterpatriot
Isnt' there an end to what Central Banks can do to depress the gold price. Once they have sold what they have what other levers do they possess.

I realize they lie systematically about their holdings. Perhaps this is the secret of their unending ability to hold gold down?

20 posted on 12/14/2006 10:36:52 AM PST by Jack Black
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To: Jack Black
Once they have sold what they have what other levers do they possess.

If they deflate the money supply, all hard asset prices would decline.

21 posted on 12/14/2006 10:39:42 AM PST by Toddsterpatriot (If you agree with EPI, you're not a conservative!)
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