The USA has a socialized, centrally-planned money supply
Just like central planners trying to centrally-control food supplies, or medical services, they must act to control all sources of supply, black markets, and the behavior of individuals.
Gold is just that for the socialist money planners. Its an alternative which must be controlled.
Don’t doubt the FED, and their constituent crony-capitalist banks on Wall Street are heavily involved in manipulating gold.
“Don’t doubt the FED, and their constituent crony-capitalist banks on Wall Street are heavily involved in manipulating gold.”
The Treasury maybe, since they own a huge stock of gold. The Federal Reserve wouldn’t have any use for it, although Paul Volcker seemed to be using a gold price target back when he was chairman of the Fed.
I’d like to see a graph of actual prices, including premiums. Does this exist? You would think that with all this paper leverage, we should see a growing divergence between spot and actual price.
If the market continues to implode institutional paper gold holders may need to sell because of margin calls. That being said, the erosion and eventual collapse of the petro-dollar (aircraft carrier dollar) is going on now.
The Fed will do everything they can to defend the buck including forcing their puppets to go to war or at least keeping everyone on the brink. When your currency is only backed by force of arms, that’s all you have left. A war forces your vassal states to stay in line and keep using the buck for payments and reserves.