Hey Goat,
I have a kind of newbie gold-manipulation question... I've never really understood what it even means to manipulate the price of gold. Is there an ELI5 version of how the price of gold is manipulated? Or is the only answer long and complicated and I have read books about it to know...
Thanks in advance!
The very simple answer is about 5 banks get to just make up the price of gold and that is what it is. This is not a transparent process.
Another one of your posts about gold that made me slightly cringe. There are seemingly at least half a dozen people in this thread who are very knowledgeable about gold, but for some reason (authority on BTC? fancy nickname? mighty post count?) out of all the people, a gold-newbie asks
you for advice. Well, if he could hold apart the people who know from the people who don't know, he probably wouldn't have to ask in the first place, right? It's understandable.
Your answer, while not completely wrong, is mostly beside the point here, and I really can't be arsed to explain in detail why. Another poster clarified with a spot-on answer.
Rant over, calming down slowly... calming down... lol!