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Thank you Wiki-Leaks(!) US Gov confirms gold price manipulation
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<p>[QUOTE="fatima, post: 1264136, member: 22143"]I won't discount the issues with the way China runs its economy, it is afterall a centrally planned communist state. However what you just stated here is exactly how they operate. They take the long approach to getting something done as they are not on a 2 year national election cycle.</p><p><br /></p><p>IMO, their entire rationale for reversing themselves and letting their citizens directly hold gold is nothing more than part of a long term plan to move more physical gold into that country. What better way than to encourage 1.25 billion plus people to assist with this. The chinese coin market (gold) in this country has practically disappeared as I've notice a huge buying of almost any chinese coin at pretty good premium by the dealers. I believe they are being sent back to china and sold at high profits.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1264136, member: 22143"]I won't discount the issues with the way China runs its economy, it is afterall a centrally planned communist state. However what you just stated here is exactly how they operate. They take the long approach to getting something done as they are not on a 2 year national election cycle. IMO, their entire rationale for reversing themselves and letting their citizens directly hold gold is nothing more than part of a long term plan to move more physical gold into that country. What better way than to encourage 1.25 billion plus people to assist with this. The chinese coin market (gold) in this country has practically disappeared as I've notice a huge buying of almost any chinese coin at pretty good premium by the dealers. I believe they are being sent back to china and sold at high profits.[/QUOTE]
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