According to the video, people were crying manipulation when the gold price rose rapidly from US$35 in the 1960's for no apparant reason. On one level - what's the big deal ! After all, gold has minimal uses (for example compared to copper or oil). I guess the only problem was that the price spike was a mind corrupting force against true believers in the rock solid stable value of national currency (sarcasm intended). Fast forward to 2017....we now deal with the legacy of the enduring gold price elevation.
[youtube]http://www.youtube.com/watch?v=rcnhF09QN78[/youtube] [youtube]http://www.youtube.com/watch?v=sh163n1lJ4M[/youtube]
"Goewd iz mawipuwated...waaaaaaaa" What do you call the guy who constantly cries big hands manipulation of gold but then buys that which he's crying about all the time? If you can't stand the heat in the kitchen, don't play with yellow blobs from the oven. .
The first of the Nixon videos above should wake people up. Official explanations of a rising gold price as being mostly due to speculators is untrue. Nixon disconnected the $US from gold in 1971 and the work of central bank policies has all the time continued to degrade the value of currencies worldwide (keeping in mind loose pegging to the worlds reserve currency). This is in-spite of paper-gold trading systems working to prevent gold from fully showing the damage.