Thursday, July 1, 2010

Comments on gold suppression

Comments from username "drwells" on zerohedge.com on gold suppression:
1. If your currency is revealed for the green toilet paper it is by the price of gold, then OF COURSE you're going to suppress the price of gold. You'd be a dumba$$ not to. If you shoot someone in the back of the head do you (a) get rid of the gun or (b) drive to the police station and wave it at the cops?

2. They already tried suppressing it in the 1970s. London gold pool much?

3. Here's the BIS admitting it:

http://www.goldensextant.com/commentary30.html#anchor12160

"The intermediate objectives of central bank cooperation are more varied. ... And last, the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful."

4. Christ, Greenspan himself admitted it 12 years ago.

http://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm


"...central banks stand ready to lease gold in increasing quantities should the price rise."

Oh well, there were about five billion dumbxxxxx who thought there wasn't a housing bubble either. Just makes it easier for the rest of us, I guess.

No comments:

Post a Comment