Just like we have a fractional banking system, so it is 100% fact that we also have fractional gold where prices of paper backed by nothing gold are dumped to control the price of real, physical gold.
It will be interesting to see what happens when the Shanghai Exchange soon starts trading deliverable physical gold - NOT paper - and quoting the price of gold in yuan, NOT US dollars.
I wonder if the Western financial media will be reporting on this if there is a significant premium to the Comex paper price?
