RE:RedditIt's a bigger issue. There are way to many bankers doing the gold paper shuffle. If these bankers actually had to back their gold paper reserve up with real gold then the gold price would be much higher. Between the bankers and the government there is heavy manipulation on the price of gold and it's a wonder we are at the mid- 1800s.
I can go on and on about what is wrong with the global economies such as
- 40% of the US tax dollars pay for borrow money
- US trade deficit is the worse seen the great depression
- Foriegn countries are having to support the US dollar by buying US treasuries forcing up the treasury yield percentage which hurts gold prices
- Gold is a barometer on the health of the US/world ecomony therefore governments control the pricing. Pricing is being manipulated more than in the past twenty years
- The US Treasuries Department talks about a free market for the US dollar but neglected to say the same for gold pricing