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RE: Gold Manipulation by Central Banks Serves Only the 1%
Yep, thats exactly how it is. The big question is: for how long will it continue? And who will benefit from this, once it stops? I guess the Chinese have already the biggest gold reserve - by far.
The Chinese could conceivably -- now that their currency has been accepted as a "reserve" currency by the World Bank -- declare that the yuan will be backed by gold. Then they would be the ones controlling the gold price, and stepping into the shoes occupied for the last century by the USA as the issuer of the Premier reserve currency. I don't expect that to happen as long as they can still buy physical gold at the beaten-down prices chosen by US Bullion banks.
Yes, I agree. Although buying physical gold in large amounts is different to the derivatives trading. You cant just buy as much as you want, and the trader's margins are high - higher than what we pay at a small bullion dealer.