Guest Post: Gold Pricing And The Flows Of Gold Metal

http://www.ingoldwetrust.ch/gold-pricing-and-the-flows-of-gold-metal

Up until now, the gold price did never caught up with 100 years of currency devaluations. This makes us believe the $ is better than gold. This is accomplished through the artificial fixing of the gold price. The international $ monetary system still dictates the entire world what the appropriate gold price is. The private gold markets haven’t yet been able to let gold’s value float freely. Private gold cannot yet determine whether a currency is worthy as a temporary store of value. So, there is still a general gold director out there who has the capacities of mispricing gold as to keep the private & official gold flows under relative control. And that can be none other than the BIS as the controlling coordinator of the world’s central banks and their gold reserves.

During the London Gold Pool, the central banks also managed to hold the pricing of gold and the private and official flows of gold firmly under their control. Volcker, Greenspan and Bernanke didn’t give the long awaited gold revaluation a single chance. More recently, the ECB was also unable to continue the permitted gradual revaluation of gold, starting from 1999/2001, whilst the Fed balance sheet grew explosively (+ 500%). However, the declining ECB balance sheet, since 2011 managed to hold to its 15 % gold reserve as the main active. The ECB and FED balance, including the 15 % gold reserve, began to diverge at the gold price top ( $ 1925/oz ) in 2011.