Dear Friend of GATA and Gold: Our pal D.M. conveys the following disparagement from a friend — call him Doofus — and asks for a reply:
“Central banks manipulate far more than just gold — interest rates, stock markets, housing markets, etc. That’s what they do. And so what? The gold price has gone up for the last 12 years, despite the ‘manipulation.’ So I don’t see what’s the issue. Even if Western central banks try to sell gold down, Eastern central banks are only too happy to accumulate at lower prices.”
Read the complete article at GoldSeek here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.