What do you think the fed is going to say "yes please buy gold" right on their own website or Congressional testimony? They need a believable alter ego. seriously, think about all the parallels.. blowing up a skyscraper at the end, Tyler Durden being a figment of the Narrators imagination. What better alter ego than Tyler Durden, a schizo character, to promote a schizo scheme to solve the ponzi twin deficits by a massive gold pump and dump on you the willing bagholder.
the federal reserve is the largest single holder of gold in the world, and has the biggest incentive to pump up the price of gold, which ZH does a nice job of once again pumping not once but thrice in their response to Noah. why do you think the government blew up the twin towers right as gold started taking off - because the Treasury traders at Cantor Fitzgerald knew about it and were about to go public. again - the skyscraper parallel.
The target price is only $4130 because the FOMC is helping the republicans take back the white house, so those social security benefits will be reduced, and therefore those bonds in the social security trust fund need not be repaid - intergovernmental debt is irrelevant. Central banks manipulate everything, including the price of the largest asset they own. dude, wake up!
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