Most of us look at the PTB in the US as being unbelievably greedy, corrupt, borderline phyco, evil.
Given that “they” because they have the tools and desire to do so, naturally, we ascribe to the notion that it is they who control the price of gold.
My notion is that they are like the bully in the grade school playground that everyone fears until the day a girl kicks his a$$ and then he is viewed for the pathetic looser that he in fact is. Well I fantasize that we are into ass kicking phase today. It is clear that the US is loosing respect as fast as oblabla looses credibility.
Lets say that is not so much a single school girl though, but a small group of determined and capable girls acting in unison. The fed just keeps pumping out $ like throwing out the trash, yet somehow the $ exchange rates continues higher against nearly all other currencies. Lets also speculate that the US actually remembers 25 years ago when the US was pressuring Japan that Japan told the US to pound sand or they would find one morning hundreds of Billions of $ in US treasuries hit the markets at once causing lower Bond/Bill/Note, higher interest rates and a cratering $ exch rates everywhere. The threat was enough to get the US to back down.
So, what “well know” nation has the most $s in treasuries? And what well known nation is continuously purchasing gold and moving it to their own controlled, secured storage. And what well known nation is not afraid of the US and has shown indifference to the Oblabla. And what well known nation has entered into nation-to-nation agreements to settle trade in currencies other than the US $? And what well known nation has Russia as a side cook doing the exact same thing in a slightly smaller scale?
Perhaps it is true the feeeeeelth has been managing gold (and silver) down for years and even as the $ has popped these last months. Oh, yeah, how the heck did we set a new record for exports when our manufacturing base has been decimated? This hammering of the price of gold could, in my twisted mind, been the result of an agreement between shina and the eue ess. The banks would make a profit by knowing exactly which direction and how much each metal would move. Shina would get the physical they want at bargain basement prices AND get to dump $s as pay for the physical. Eue ess gets to hold onto power maybe for the duration of oblabla’s remaining term, or till the metal runs out which ever comes first. And sellers of gold globally got screwed!