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I hope everyone in this thread is familiar with this quote. This is an open acknowledgment that the central banks manage the price of gold. It one of their most effective policy tools since gold is seen worldwide as an indicator of inflationary expectations.
Sep 16 13:01 pm
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All Comments by nononameo »Law of Supply & Demand Is Dead for Gold & Silver [View article]
"Central banks stand ready to lease gold in increasing quantities should the price rise." Alan Greenspan On July 24, 1998, before the House Banking Committee