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Loan Modification
: Mortgage Lender Implode-o-MeterHave Central Banks Lost Control of the Gold Market?
By Implode-Explode Heavy Industries
... they don?t control the supply of gold anymore. Their control since 1985 only went as far as to undermine the gold price. They have placed themselves in a position where they can?t even buy gold for their reserves. To do so may imply that they have accepted that they too are losing faith in paper currencies. That must never happen. So they sit with a firm grip on the 30,000 tonnes they now have, but have lost control over the gold price. That went the moment they stopped selling.
A good piece, though it ignores the CRIMEX (COMEX) aspect of manipulation.
Full post as published by Mortgage Lender Implode-o-Meter on October 03, 2010 (boomark / email).
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