The Factor Hiding Gold's 'Real' Price: When 'Golden Bull' Will Return
(Baloncici/Dreamstime)
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While its price can be manipulated, fundamentals like “supply and demand, monetary economics and the presence or absence of inflationary expectations” ultimately determine gold’s price.
In other words, gold’s price can’t escape its fundamental value long-term, no matter how much price manipulation is attempted by hedge funds and central banks.
And with the exception of a mild selloff in the 70’s, the U.S. has held onto most of its 8,000 tons of gold, despite removing the gold standard in 1971.
So if the U.S. is holding onto its reserves in spite of the “price,” there must be something else going on.
