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<p>[QUOTE=&quot;EWC3, post: 7855868, member: 93416&quot;]I don’t think its that simple Doug. Back when maybe 80% of world gold stocks were in Fort Knox then surely the US had a lot of control over its price. The US and Germany still hold thousands of tons. Like it or no, the political ideology of gvts is still very much part of the equation</p><p><br /></p><p><br /></p><p><br /></p><p>To quote Keynes – “In the end, we are all dead”. Meanwhile, the inherent ability of any gvt to manipulate the value of its paper (or plastic) obviously far exceeds its ability to move the gold price. If you ignore that then you are just not engaging with the key point</p><p><br /></p><p><br /></p><p><br /></p><p>Thoughtful readers of my posts will have noticed I am supporting the position of the eminent academic Professor of History, Arthur Marwick. The key point being that people need to think for themselves rather than be led by the nose by just any old professor that comes along.</p><p><br /></p><p>Hardly a novel suggestion</p><p><br /></p><p>&quot;Although only a few may originate a policy, we are all able to judge it.&quot; (Pericles)</p><p><br /></p><p>Rob T[/QUOTE]</p><p><br /></p>

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