Central banks & the Price of Gold

[Huego]

Central banks and the Price of Gold

Here is a good read. What will happen to the gold price?  WHO PULLS THE STRINGS?

"…. At $1700 gold is cheap; at $3,000 gold is cheap; at $5,000 gold is cheap; at $7,000 gold is cheap. Wait till the central bank sale ends and you will realize how cheap gold actually is.

The wheels are now coming off the bankers’ once invincible juggernaut. Whether the out-of-control bankers will crash in a (1) hyperinflationary blow-off, (2) a brutal never-ending deflationary collapse-in-demand or (3) in a fatal bursting of capitalism’s bloated colostomy bag - derivatives - cannot be known.  But what is known is that the end of the bankers’ monetary fraud is near and its demise closer than most want to believe….

Today, central bankers are no longer laughing. Their nights are considerably longer as are their weekends; their daily grocery list might now include quarts of gin and whiskey, prescription anti-depressants and extra-strength deodorant……

…..The indebting of others as a means of accumulating wealth ends when the indebted can no longer pay what they owe....”


      http://www.321gold.com/editorials/schoon/schoon021512.html

(with thanks to Dave in Darwin)