Originally posted by: Aaron
Really? Fiddling with interest rates and QE doesn't affect gold price? You must be daft. And the banks that own all the shares in the Fed diddling around with spoofs and front running prices don't affect markets?
The statutory rate for gold held by the U.S. government is $42.2222 per troy ounce. This is the value at which the Department of the Treasury records the value of the U.S. government's gold reserve.
As though that price for holdings doesn't mean jack?
Haaa, your pronouns are Dumb/Dumber. Thanks for playing.
No, stupid, because the gold market is international, stupid, and in any event, the factors you mention have a peripheral effect at most. You might as well say that the Fed's decisions affect Vegas room rates, because they sorta kinda maybe in way almost do.
The valuation for DoT gold holdings doesn't mean jack shit, because those reserves are unlikely to be sold and would never be sold at that price. So it's just a bookkeeping number, and doesn't influence the markets at all.
Dude, you're a demented conspiracy theorist, and you believe that it's all a Deep State conspiracy run by the Shadow Demons From the Planet Dweemo. I can't cure you of your nutjobbery, so I won't try. Besides, I sense that it's fun for you to live in your alternate reality. The world the rest of us live in can be boring.