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Doom
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Doug Casey's omniscience vs. the many records of gold price suppression

- Chris Powell - GATA

I certainly concede Casey's omniscience is odd, but not proof that he's "in on it".

That said, large conspiracies have been successfully enacted for years, so I can't rule out a conspiracy just because it would take a few thousand people (cf Gulf of Tonkin), especially when banks acknowledge they do manipulate, at least to some extent.

But, please, can you provide a plausible explanation why gold purchasing can have record-setting year after year after year, and "We Buy Gold" places can pop up everywhere (and they don't sell gold), and central banks can increase holdings pretty everywhere (but the US), production can decline...and yet the price just keeps dropping.

If you can give no explanation for this, can you provide a historical precedent for any commodity that's behaved similarly? An obscure economic school of thought that says as supply decreases and demand increases, price should drop? Anything to compare to the above very simple theory that "someone is lying"?

Commented 3492 days ago

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Beginning of the headline :Doug Casey, founder of Casey Research, may be admired for his omniscience anyway. In an interview today with Dan Steinhart of The Casey Report -- http://www.caseyresearch.com/cdd/doug-casey-on-isis-gold-oil-and-what-to... -- Casey declares, "The government doesn't care about gold. ... They don't care about its price, and even less about that of silver." Casey adds: "I don't believe in the conspiracy theories regarding gold price suppression. There's zero credible evidence for it, and I'm embarra... Read More

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