tag:blogger.com,1999:blog-11719208.post352896222520889197..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Watching and waiting for goldTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11719208.post-75289068375785529172008-11-28T13:12:00.000-08:002008-11-28T13:12:00.000-08:00Leasing gold to suppress the price of gold is a ve...Leasing gold to suppress the price of gold is a very risky operation. The buyers can get the gold to a low price and the dealers can go bankrupt without returning the metal. At least in these days this risk is getting very high. <BR/>In this way, China and Russia can increase their holding in gold at low price. Greenspan policy was working outside the crisis, but I am not sure if it will work now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-45917884478798258132008-11-28T08:03:00.000-08:002008-11-28T08:03:00.000-08:00On July 24, 1998, Alan Greenspan—a former advocate...On July 24, 1998, Alan Greenspan—a former advocate of the gold dollar and opponent the Federal Reserve he now chaired—uttered one sentence that drew the ire of every goldbug on the face of the Earth: “Central banks stand ready to lease gold in increasing quantities should the price rise.” What made the goldbugs so mad? And what did Greenspan mean by “leasing” gold?<BR/><BR/>Central banks are only holding on, or at least pretending to hold on to their gold, is so they can control (manipulate) the price.<BR/><BR/>Look at gata's work for further evidence of the gold-suppression scheme. It's coming to end though as people are demanding physical gold in record volumes.Anonymousnoreply@blogger.com