thomast2

Anybody Seen Our Gold?

Thank you all for your comments.

Pseydocyst, GATA mission is very different than us gold investors. They are not in for money, but to discover and reveal the truth and increase public awareness.

JT, your points are very thoughtful and I agree it is a big deal. But at the same time, with gold in bull market for 8 years, I see gold cartel's power deteriating, unlike in the 1990s when they could do whatever they want to do. Also European CBs have made no secret about selling gold, and it is public that CBs don't like gold and selling gold in the market to depress gold price. So it is not a totally conspiracy no one knows. What GATA is doing is to try to discover whether investment banks at Wall St are used by US Fed and other CBs to manipulate gold market at daily basis. This is a different matter. Unfortunately so far there is not much strong evidence on this matter since no one is talking. All we see are some strange price movement as you pointed out.

Another thing is to make Fed transparent on our gold postions, their gold cross trades and reserves, which could be the single most important thing for the future monetary strength of this country. This is why I said the existence of GATA is very healthy and timely and hopefully they can promote public awareness so power will return to the people, not the few elites behind the scene for too long.