But, we can't know if it was a subsidy or not until it has been sold & the government is out of the entirety of the gold market. If then after it is sold, gold then - Ever - goes up, we can see it was not a subsidy of any sort. My point is, you will only be able to prove your point that this was a subsidy with the 20-20 vision of hindsight.
It was, instead, after it is all sold, it will then be proven to have only been part of the greater savings of our country.
btw, When our government - and all the other governments of the world officially only list the value of gold on their books at (I believe) $40 an ounce, your argument of "subsidy" rings hollow.
you might do better with your argument if your didn't class all "gold bugx" together. My goal is an open market for gold, free of Government manipulation. Under current law, I am against our treasury selling, loaning, or leasing gold in a clandestine manner to form a subsidy for some select shorts.
I have no doubt - whatsoever - the value of gold would be proven to be greater(in only a short time) were all governments Required to sell their last ounce and forbidden from all future activities - OF ANY SORT - in the gold market. It is the governments of the world playing in the gold paper market not the physicial market which is causing the destruction of gold price. |
