I really don't thing GATA serves any useful purpose.
If the banks and/or Federal government and/or others are manipulating the price of gold, so what? Gold doesn't care. There is a set amount on planet earth, it has some value, and that is that.
If the price is being manipulated away from what it would trade for other real things or perceived fiat substitute (a.k.a. money), it can't last forever. One day, the balance will be restored, probably after some wild swings in both directions. Gold will go on not caring what value we assign it, and we shouldn't get hung up on it, too.
I have gold and silver stocks because I feel the odds favor that return to equilibrium one day, and I intend to try and make some money off the violent swings when it happens. But suing because the price won't rise? Forget it.
Oh, one more thing. I think the gold leasing program is a looting of the public treasuries by the well connected. When one or more big players who is majorly short gold defaults, guess who'll be stuck with useless paper? That's right. Us, the taxpayers.
CD |
