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<p>[QUOTE="PeacePeople, post: 1908802, member: 20082"]Sorry, you're wrong, 99% of physical demand is not air. They're taking delivery of the asset, so it's not just numbers being moved around on a balance sheet with some entity taking a transaction fee cut.</p><p><br /></p><p>If the fed didn't care about gold, why would it take their storage facilities 7 years to get Germany their gold when they asked for physical delivery? <(easy one for you) If they didn't care about gold, why wouldn't they let anybody audit Fort Knox? If they didn't care about the price of gold, why would they ever acknowledge it at all, even as a barbarous relic? </p><p><br /></p><p>The price of gold has nothing to do with the amount of money they issue, and it hasn't for about 45 years. It cannot or does not limit their ability to control the markets. They control that with digits in a computer and their partner banks. </p><p><br /></p><p>The only reason I can see the price of gold being a concern to them is when other countries threaten to use it as a central currency or means of exchange. If the reserve currency of the world is threatened by anything, that thing must be controlled. Whether it's gold, rice, notches on a stick or anything else, if it poses a threat to the dollar, it must and will be controlled.[/QUOTE]</p><p><br /></p>
[QUOTE="PeacePeople, post: 1908802, member: 20082"]Sorry, you're wrong, 99% of physical demand is not air. They're taking delivery of the asset, so it's not just numbers being moved around on a balance sheet with some entity taking a transaction fee cut. If the fed didn't care about gold, why would it take their storage facilities 7 years to get Germany their gold when they asked for physical delivery? <(easy one for you) If they didn't care about gold, why wouldn't they let anybody audit Fort Knox? If they didn't care about the price of gold, why would they ever acknowledge it at all, even as a barbarous relic? The price of gold has nothing to do with the amount of money they issue, and it hasn't for about 45 years. It cannot or does not limit their ability to control the markets. They control that with digits in a computer and their partner banks. The only reason I can see the price of gold being a concern to them is when other countries threaten to use it as a central currency or means of exchange. If the reserve currency of the world is threatened by anything, that thing must be controlled. Whether it's gold, rice, notches on a stick or anything else, if it poses a threat to the dollar, it must and will be controlled.[/QUOTE]
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