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Prices also change due to manipulation. In 1998 Alan Greenspan testified to Congress that central banks lease paper gold to suppress the gold price. '... centr
by landemva 5y ago
Prices also change due to manipulation.
In 1998 Alan Greenspan testified to Congress that central banks lease paper gold to suppress the gold price. '... central banks stand ready to lease gold in increasing quantities ...'
https://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm https://www.federalreserve.gov/boarddocs/testimony/1998/1998...
It is law that Treasury is allowed to secretly manipulate prices of cuurencies, stocks, bonds, and commodities.
https://home.treasury.gov/policy-issues/international/exchange-stabilization-fund https://home.treasury.gov/policy-issues/international/exchan...
It's rigged and the chance of the insiders not trading for their own personal accounts is approximately zero.
Occasionally the commoners get a few scraps like WSB on gamestonk in early 2021.