Central Banks have lost control of the gold price

[leon1998]

Interest rate already at the rock bottom; economy too weak to handle any rate hike. Industrial production is going down and out; while the printing press keeps working. With mountains of debt, inflation and devaluation are the ONLY way out.

Gold and Silver have finally turned the tide.

 

[TreasureHunter]

^
We'll see how long that holds. I doubt that central banks have "lost control of the gold price". They could make a sell-off at the next dip, then gold price could cut through new essential levels and we could see some sideways playing for a while.

But clearly, we're seeing a trend change after so many bearish years.

I am expecting 1,300 $ gold soon.

 

[Southerner]

Shanghai Gold Exchange now online.

http://www.en.sge.com.cn/

http://timesofindia.indiatimes.com/...uces-new-price-index/articleshow/51900005.cms





.

 

[Mintaka]

I take it the Au data is Yuan per g, and the Ag is Yuan per kg. Very interesting development which could start to diverge from the paper gold traded at LBMA.

 

[SilverDJ]

^
We'll see how long that holds. I doubt that central banks have "lost control of the gold price".

Do the central banks even care that much about the gold price?

 

[Ipv6Ready]

Modern central bank would look at gold like any foreign currency they hold.
I don't think in the modern era and sovereign bank controlled gold?

 

[systematic]

^
We'll see how long that holds. I doubt that central banks have "lost control of the gold price".

Do the central banks even care that much about the gold price?

If World Bank whistle blower Karen Hudes is to be believed ... it is ALL about the gold ...

 

[JulieW]

Systematic, I dismissed Karen Hudes as a bit of a nutjob. Do you have a link to an interview or article where she explains what is going on without the trillion tons of gold in Hawaii, or wherever it was, etc?

Willing to give her another listen but she's not really on my list at the moment.

 

[systematic]

Systematic, I dismissed Karen Hudes as a bit of a nutjob. Do you have a link to an interview or article where she explains what is going on without the trillion tons of gold in Hawaii, or wherever it was, etc?

Willing to give her another listen but she's not really on my list at the moment.

There are 11 US military bases in Hawaii ... http://militarybases.com/hawaii/

It seems the UK and European Parliament acknowledges Karen Hudes ...

http://www.publications.parliament.uk/pa/cm201213/cmselect/cmpubadm/writev/publicpolicy/m03.htm

http://kahudes.net/wp-content/uploads/2012/10/EuropeanpArliament.PDF

Karen Hudes is actively notifying government representatives in the USA and around the world ... she posts a lot of info from her twitter account ...

 

[systematic]

[youtube]http://www.youtube.com/watch?v=fJ3-i8P5QjI[/youtube]

It is not the first time the amount of gold in the world was questioned ... Sir James of Blackheath in UK Parliament was trying to get the word out years ago ...

 

[TreasureHunter]

^
We'll see how long that holds. I doubt that central banks have "lost control of the gold price".

Do the central banks even care that much about the gold price?

Yes, they do care. Gold repatriations, gold buying by some central banks etc. etc., countless reasons.

Gold is an excellent hedge during currency crises and economic crises.

 

[Ipv6Ready]

^
We'll see how long that holds. I doubt that central banks have "lost control of the gold price".

Do the central banks even care that much about the gold price?

Yes, they do care. Gold repatriations, gold buying by some central banks etc. etc., countless reasons.

Gold is an excellent hedge during currency crises and economic crises.

I agree with your point, what I was trying to get across was, It would be like Bernie Fraser wishing he controlled The New Zealand dollars.

As for the gold wouldn't China, Russia and even US want the price of gold to be $100,000 per ounce, all of them could pay off their debts over night.