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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Archie Meeties who wrote (91321)2/6/2008 3:08:58 AM
From: glenn_a  Read Replies (1) of 110194
 
((At that time [1980-2001] price was held down somewhat by forward selling by miners, but mostly because gold, like every other commodity, was in a multi decade long bear market. (which ended right around there) ))

I seem to recall a very well-argued paper by I think it was GATA-affiliated Frank Veneroso that pointed out that Central Bank (and money center bank) manipulation of gold actually began in earnest in 1994. If I recall, the paper quoted Larry Summers "Gibson's Paradox" paper that he did I believe as his graduate thesis in the 1960's that pointed out that suppression of the gold price could delay the market's natural response to monetary inflation - thus effectively distorting the market's natural barometer of monetary inflation.

Go figure that the Fed/Treasury would artificially manipulate the cost of credit creating distorted economic behavior because the population misperceives the true cost of credit. I'm shocked. Absolutely shocked. ;)

g
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