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<p>[QUOTE=&quot;medoraman, post: 1856318, member: 26302&quot;]The fees was talking about WHY the Fed might have lent this gold out. Its very expensive to have a vault, and why should the gold just physically sit there earning no income?</p><p><br /></p><p>As to manipulation, yes every market is some. Most of the &quot;manipulation&quot; is intentional, allowing margin both in buying and selling. However, there are literally tens of thousands of very smart people who spend every second trying to make a buck on the markets. Do you really think every single one of them are just stupid? The PM market is, in the scheme of things, very tiny markets. You really think that if there truly was blatant manipulation going on someone would not pony up the money and call their bluff? If its truly manipulated to the extent most here seem to believe, why doesn&#039;t a billionaire just buy the market and call their bluff? </p><p><br /></p><p>So, in effect, I never put my trust in human nature, human generosity, or human good will towards their fellow men. However, I do put my faith in human greed, and if there was truly open manipulation going on there would be tons of Wall Street types scrambling over themselves to make a buck on it and arbitrage it away. That is why I am not a big believer that &quot;gold is really worth $5000 an ounce and its the big bad boogeyman making it worth only $1200&quot;.[/QUOTE]</p><p><br /></p>

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