Just imagine along with me for a moment. Imagine I am the one with the power to make the ones with the power do what I want. (Not so hard to imagine, after all, In the End, there Can Be Only One). Now suppose I want all the gold, and further that I want paper money to be the only money in circulation so that I have complete control over it's value, so that I can hold absolute control over all that use it because they have no alternative (but I am safe against a collapse of my plans because I hold all the gold). Ok, then, what do I need to do right now? I need to raise dollars to buy gold and I need to decrease the value of gold. Now what would decrease the value of gold more than anything at this exact point in time? Suppose we had a pick up in inflation, with a threat of deflation, with a threat of world wide depression, and an imminent war, and with the threat of rising oil prices, and gold just sat there? Well it would not just sit there long. It would drop to the bottom of the sea. All the figure heads would declare gold dead as an instrument of finance, etc.
Now what at this point in time is the key thing in gold traders minds? Not the war etc., but IMF gold sales! That makes me,
Michael,
The King of New York
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