Gold is a physical thing. Where did it go? Or, who has it now? Or is the issue that the gold is physically there but belongs to someone else?
The Fed was forced to sell it, and China and other nations have been on a MASSIVE gold buying spree the last 5 years.
they have been dumping shorts on the market in the early morning hours before the market opens in order to suppress the gold price during the day.
after the trades, they ship out the gold to cover it.
such manipulation is COMPLETELY illegal, but that doesn’t matter anymore
it’s also theft of property. as they sold gold that was being held in vaults. no fractional lending concept attached, just storage.
they willingly violated the property rights of the owner for their own gain. again, this is ILLEGAL
once there are no property righs... what do you have?