It is the nature of the central banks’ involvement that is at issue. James Sinclair and Peter Grandich (and others) now openly accuse the gold market of fraud, with the former calling Comex “Crimex” and the latter calling it “Crimenex.”  Sinclair declares, “Yesterday’s popular myth gone viral in the community is that gold banks have infinite liquidity to depress the price of gold. That assumes that gold is the trading center of the entire market universe, which I am sorry to tell you, it is not. It might be my and your universe, but the gold banks compared to other markets is small.” 

According to Chris Powell of GATA, in an October 24 speech, “All major markets are now manipulated, mostly surreptitiously, by governments. There are a few reasons for this explosion of manipulation, but the big ones are that the world economy has grown terribly unstable in recent years (in large part because of smaller manipulations by governments) and because an international currency war has broken out.

“The gold and silver markets are the most manipulated of all because they involve currencies that compete with government currencies and because gold is a primary determinant not just of the value of currencies but also of interest rates and the value of government bonds.”

“The gold and silver markets are the most manipulated of all because they involve currencies that compete with government currencies and because gold is a primary determinant not just of the value of currencies but also of interest rates and the value of government bonds.”

How much gold does the United States Government own? Supposedly more than any other government, but no one really knows because there hasn’t been an open audit of its bullion since pretty much forever. Curiously, only “tinfoil hatters” such as GATA and Ron Paul seem to care.

Germany does care, however. Ambrose Evans-Pritchard reports in the TelegraphOctober 24 that “Germany’s budget watchdog [has] demanded an onsite probe of the country’s remaining gold reserves in London, Paris and New York to verify whether the metal really exists. The country has 3,396 tons of gold worth €143 billion, the world’s second-largest holding.” The German Court of Auditors “ordered the Bundesbank to secure access to the storage sites.” 

…..much more HERE