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originally posted by: AugustusMasonicus
The gold market operates as a supply and demand, particularly with the amount of it being used for manufacturing. You cannot artificially depress the gold market unless you control all production and their are far too many independent outfits mining gold.
originally posted by: MyHappyDogShiner
a reply to: nwtrucker
It takes more devalued "money" to pay off a debt incurred while "money" was of higher value.
It would be like trying to fill a gallon jug with water with a quart container in only four transfers when the quart was made smaller by decree to efficiency.
originally posted by: ipsedixit
a reply to: AugustusMasonicus
The fixing would be done in how the gold price is set. This is done by five banks operating through a committee based in London.
originally posted by: ipsedixit
There is a widespread view that the price of gold is kept artificially low.
originally posted by: AugustusMasonicus
a reply to: ipsedixit
60% of yearly gold production is in the consumption market. The supply and demand aspect is a heavy influencer in pricing.