LOL! I have worked with market makers and stock promoters. You are simply wrong.If you are the only major buyer, you can't prop up the price, certainly not long enough to unload your position.
It's true that people do it with other assets, typically stocks and debt instruments. But if gold is money, the manipulation affects everything else throughout the economy.Besides, you could attempt this with any asset, not just gold. It really has nothing to do with gold.
Every economist agrees with me.Wrong.
It would certainly be good in the short run for everyone else who held or was owed more dollars than he owed or wanted to spend, but it would be bad for debtors, and bad for the economy.Let's say Steve Jobs had become so rich that he owned 50% of the money in the United States. Then right before he passed away he said he was burning all his cash. You really believe this would not increase the purchasing power, thus be good, for EVERYONE else who held dollars?