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Thank you Wiki-Leaks(!) US Gov confirms gold price manipulation
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<p>[QUOTE="fatima, post: 1267012, member: 22143"]I don't do battle of the links except on occasion when you first contended the Chinese were not even allowed to hold gold and I posted those videos that showed otherwise. I did read them however and they are opinion pieces that don't cite sources. I also saw a piece that said that in the USA the top 400 income earners here had more assets than the bottom 50% of the population combined. It's irrelevant. </p><p><br /></p><p>The point is the Chinese are now allowed to hold gold, they seem very enthusiastic about doing so and are being encouraged, and your own links say they have a middle class that is as large as the entire population of the USA. Your link said that 310 million have incomes that are equivalent to the USA or Europe. If just 50% of that buy one ounce of gold, we are talking about 155,000,000 ounces or 4675 metric tons. Again this is more than 1/2 the entire gold reserve of the USA. Not a small amount or "drop in the bucket" as implied.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1267012, member: 22143"]I don't do battle of the links except on occasion when you first contended the Chinese were not even allowed to hold gold and I posted those videos that showed otherwise. I did read them however and they are opinion pieces that don't cite sources. I also saw a piece that said that in the USA the top 400 income earners here had more assets than the bottom 50% of the population combined. It's irrelevant. The point is the Chinese are now allowed to hold gold, they seem very enthusiastic about doing so and are being encouraged, and your own links say they have a middle class that is as large as the entire population of the USA. Your link said that 310 million have incomes that are equivalent to the USA or Europe. If just 50% of that buy one ounce of gold, we are talking about 155,000,000 ounces or 4675 metric tons. Again this is more than 1/2 the entire gold reserve of the USA. Not a small amount or "drop in the bucket" as implied.[/QUOTE]
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