CoinMiner

Gold Price Manipulation: So What?

Sure, maybe manipulation or control in a market manages the price of an asset. Perhaps an artificial price of that asset does little to change the FUNCTION of that asset.

However, intervention on a scale to constitute manipulation will - over time - completely erode public confidence in that particular market. That market will fail and ultimately be replaced by another with greater transparency.

There ARE reasons to consider the pros and cons of 'managed' economies irrespective of the price of any one thing on any given day.

U.S. Treasury Owned Gold: What Can It Buy?

The BIG LEAP of FAITH is making a book value of $44.22 per oz gold into $950 oz gold.

Treausry Department has not provided an audit of the gold deposits since the 1960s.

As it is, we have taken out $950 credit based upon $44.22 deposits.

The more true analysis is debt divided by verified oz gold in holdings.

The difference is "Full faith and credit"!