RE:RE:Gold price.. what gives??I guess you don't get it...
As mentioned before on several occasions, gold is the enemy of the US $$ and an inflation signal and since it is such a miniscule market in comparison, they will never let it go freely..free market is only an illusion when ti comes to competing against the US $$ and what is so hypocritical, they call china for manipulating its own currency.
Like I say often, in a democracy, at least you get to vote who you want to steal from you.
Wayned52 wrote: Reported today thay US inflation surges and gold drops ?!??!! WTF . The physical price has nothing to do with the futures price we see . It`s too bad there isn`t some way for GCM to sell directly to physical gold investors .
China has told the US that it is unwinding it`s holdings in US treasuries and bonds but over a long term so as not to cause trade trouble with Korea and Japan . Russia has outright told the US they are going to the Euro and gold as their reserve and so have many smaller economies because the USA uses it`s $ reserve status as a weapon . And what happens ? Nothing . Gold does nothing . It is completely manipulated by derivatives traders and history tells us they are untouchable . For Now at least .