Originally Posted by
osan
Could be, but how would one pull off? Limiting availability might work, but in the face of scarcity, demand drives prices up. How does one prevent that from being reflected in the market that is based on ask/bid? Somewhere, someone wanting gold for whatever reason is going to bid higher. Are we to believe that nobody is going to sell? Even so, other buyers see, follow suit, and how then do the crooks hide the rise from the market itself?
How can oligarchs suppress the price in an ask/bid system, much less do so without arousing widespread suspicion and a resultant crash in confidence, which is the central pillar of all markets? I can see a reason why, though: artificially depress the value to drive the vast majority of holders to begin questioning their gold assets, eventually giving way to a panic sell-off wherein the big fish buy at pennies on the dollar. When Theye feel they've cornered that commodity, they slam the door shut on all small buyers by jacking the price through the roof. The single most reliable money standard on the planet is literally and physically taken away from people, and socked away, leaving the common man screwed in every hole.
Perhaps Theye, as represented by "government", would paint themselves as coming to the "rescue" by buying directly from the panic-stricken Meaner, who initially heaves a sigh of relief at having been saved from the barbaric relic that has so clearly failed him, only to have the currency costs of everything jack their ways to heaven itself. The meaner is corn-holed, Theye have repatriated nearly all the gold into their own hands, and do not have to resort to the FDR measure of blatant confiscation, which would probably still work today, but why risk it if you can get the scum (that's us) on their knees, begging for a taste of the willie?
Just as the Meaner took covid hook, line, and sinker with an obedience bordering on the obsequious, so can they now be relied upon to follow suit if and when Theye decide to reclaim all of that which they deem to be their own. Yes, we are precisely that conditioned, which is another reason we are hosed and that what little freedom remains on this miserable prison-planet wings its way into the ether, much like your little sister's immaculate virgnity on a hot August evening.
Consider this: Theye certainly do not want us holding any meaningful gold reserves, as that would protect far too many from the ravages of inflationary artifice. Therefore, Theye need to keep it out of our hands. Open threats and confiscation would risk real revolt, so make us want to give it up. There's your why. The how... that's the tricky bit... Can Theye mask reflections of real demand OF the market FROM the market? Perhaps it is as simple as you suggest. I'm not smart enough to know.
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