[Publius]

An interesting article that points to James Rickards' book Currency Wars, and to his recent appearances on CNBC and Bloomberg TV.

[Balding_Eagle]

If the US is depressing gold prices, it’s as much to discredit Glenn Beck as anything.

[meatloaf]

This is news?

[Jet Jaguar]

Goldbug ping.

[smoothsailing]

What about silver, is the situation the same as with gold?

[Southack]

It’s an idiotic article. The U.S. wants a weak Dollar, not a strong one.

Weak Dollars buy more domestic goods and fewer imports.

[House Atreides]

“...The US owes Germany so much gold but instead of repaying immediately sets a 2020 deadline to return the gold.....”
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This assumes that the American banks are actually still in possession of all of Germany’s physical gold bullion. Some have questioned its physical presence or at least whether it is financially unencumbered as it should be.

[Maurice Tift]

  China mines a lot of gold and imports a lot of gold. Suppression distorts the market and I think China will ultimately benefit from the current situation, but China doesn't have to be the only beneficiary. It might be time to sell the things that are artificially high and buy the things that are artificially low.

[SeaHawkFan]

The long term value of gold is the cost to produce it, plus net profit (which should factor in the risk for market volatility), and overhead.

Even at $1300/oz or even less, there is plenty available in the long term.

[sickoflibs]

How does this hurt us?

[OldNavyVet]

I carefully watch the gold market, and there are two facts that tell me that the US is manipulating the gold market.

One fact is that the US is printing more and more dollars while increasing the national debt; and the other is that the price of gold is essentially going down when that price should be going up thanks to the printing of more and more unbacked - by gold or silver - dollars.

One good indicator is that the price of gold stocks are not going up, and it's my opinion that the US government is actively selling gold stocks to prevent their stock prices from rising as they should be given the coverall price inflation we are seeing month after month.

The bubble will have to burst, and I don't think the market crash is far off.

[Free Vulcan]

I call BS. This is reverse psyops.

[Sirius Lee]

The US owes Germany so much gold but instead of repaying immediately sets a 2020 deadline to return the gold.

If you don't physically hold the gold, you don't have gold.