Botox,
Don't misunderstand me. It is Hommel that I do not care for. As for a shortage in physical gold and silver, well I think it is very possible.
Do I believe there is a strong vested interest by central bankers to limit the rise in gold? Absolutely, 100%, without doubt.
What surprises me is that so many on SI write endless posts questioning the validity of government data (birth/death, CPI, PPI, GDP, just about any data point that is NOT subject to private sector verification), but they doubt that the government does not have the ability to impact gold. Gold and silver are small markets, and manipulating them can be accomplished for chump change relative to almost anything else that is traded. The public becomes very aware of the POG when it prints 4 digits.
So, those that don't believe this are IMO just naive. Volker and Greenspan have both stated that control of gold is an objective, and by implication of their statements, that a method to achieve that objective exists.
In the game of scissors, paper, rock, gold trumps paper money and credit. Central bankers don't want the competition or visibility that their paper is not, <as good as gold>.
GT
TH |
