Zeev : Re "Just accept it and act accordingly, those CB's, at least believe that they are acting for the good of the "greater majority"."
Maybe so, but this "good", of which you speak, has serious repercussions in the developing and gold producing world. Although I have not been a conspiracy protagonist, I do believe that the demonstration of millions of starving people in Africa, clearly due to the low gold price, mine closures etc, can no longer pass unnoticed.
I now consider if it can be shown in court, even in a small way, that some collusion/conspiracy existed then I am sure sparks will fly. In this circumstance, as with the Holocaust victims, reparations will be required, heads will roll, politicians will run for cover etc etc. The CBs will no longer be able to do as they please. The gold price will no longer be the result of some banker's or wheeler-dealer's whim.
With many "emerging" (not my word) African countries, and considering the important role South Africa is playing in African hegemony, I think your contention that "someone is going to claim that there is a conspiracy to depress the free markets and keeping gold artificially above $240" will easily be countered. Today, the boot is clearly on the other foot and the West can no longer do what it likes and get away unnoticed.
Further, if the US and UK want to claim the moral high ground as the leaders of the "free world" (as they do -- witness Kosovo, Iraq) I don't believe they can afford to be exposed as scoundrels in the developing world. |
