However, whatever this entity-that-shall-not-be-named is trying is not going to work because the world at large knows what really are the structural issues that are involved here. This is witnessed by this:
If it be true that gold is intrinsically a flawed item to have, these central banks plus China would not be buying the stuff.
Who is mad enough to buy something whose value is intrinsically defective and flawed; and whose USD$ value, in and of itself, will go down .
Its USD$ has been going down - but not, in and of itself. It has been going down because it has been fiddled to do so and everyone knows this.
This manipulation is therefore futile and infantile.
And this entity-that-shall-not-be-named is paying a very high price for what it is doing.
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