Quite agree Angers, there has been speculation for many years about manipulation and suppression of the gold price, and that speculation is rapidly becoming accepted as mainstream thinking. Who knows what really goes on between the US Federal Reserve, the US investment banks, and Central banks around the world.
The one thing which they cannot manipulate is the actual quantity of gold in circulation, and the fact that gold is a finite resource will ultimately preserve its value, despite the attempts to manipulate the price.
Sooner or later the banks and all those organisations supposedly holding gold (including ETFs) are going to be called to account to prove their holdings. That is why some people are predicting gold prices way above anything which we have seen in the past.
Cheers,
Mike
IGR Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held