US government Intervening in the Gold Market?
Is the US government was intervening in the gold market? US Rep. Ron Paul asked the Fed’s general counsel, Rep. Alan Grayson SLAMS Alvarez, whether the Fed has ever been involved in the gold market. Alvarez professed to have no expertise in the matter of intervention in the gold market.
Manipulating the price of gold in effect hides the true inflation rate of the dollar. Being a de facto currency, gold has historically been the benchmark to which all currencies are unofficially measured. With the massive quantities of U.S. dollars in circulation, by consistently lowering the value of gold, the banks can hide the gradual inflation that the dollar has been accumulating since the 1970′s. We will have a dear price to pay when all those treasury notes (IOUs) and dollars come back to our country someday.
There is something terribly wrong here. Be safe … buy gold and silver. silver coins
There was always something wrong with the dollar. I was smart and got gold and silver a long time ago!
Crystalline gold nuggets
To understand how gold really did during late 2008′s devastating stock panic, you really need to consider all these currencies concurrently. The takeaway is gold’s panic performance ranged from excellent to spectacular in 7/10ths of these currencies which include the very important euro and British pound. Only the US, Japan, and China saw local-currency gold charts that looked weaker than investors hoped during the panic episode.”
In much of the world, gold not only held all of its value, it hit all time highs at the end of 2008.
Gram Scale
Federal dealings in the gold market have the potential to seriously disrupt the free market by either artificially inflating or deflating the price of gold. Given gold’s importance to America’s (and the world’s) monetary system, any federal interference in the gold market will have ripple effects through the entire economy. For example, if the government were to intervene to artificially lower the price of gold, the result would be to hide the true effects of an inflationary policy until the damage was too severe to remain out of the public eye.
Australian Nugget Specimens