4 ms·

Suit yourself, but the price of gold will go wherever the powers that be want it to go.

• daeken 17y ago
  Err, this is different from the Treasury how?
  • seunosewa 17y ago
    If it's not different, then you have no reason to prefer one over the other.
    • daeken 17y ago
      The difference is that the market controls the price of gold, whereas the Treasury's actions directly control the value of T-bonds and the like. Yes, it's possible to impact the price of gold to an extent, but there's no way anyone can argue the degree of control is even comparable. It just baffles me that you can justify Treasury securities by saying you can artificially control the price of gold.
      • brl 17y ago
        As it baffles me that you believe the opposite.
  • deleted 17y ago
    [deleted]