Who Knew Gold Was A High Beta Bank???

The Fed should really think twice before so blatantly manipulating gold every time the stock market is down. Why would gold be down on a day when banks are getting killed as is the stock market being down 1% and when dollar is down as well. As the ultimate asset and the best alternative to those mentioned crappy assets gold should be going up. The problem is we have the Federal reserve that is already short more than $1 trillion in paper gold adding heavily to their shorts to keep the gold price down. It is down 2% today. All this is doing is creating opportunities for smart people to continue accumulating. that is exactly what China is doing. Just like they did last three years, they will secretly continue buying gold and then in 3 years they will come out after all the silence and tell the world that they more than quadrupled their gold reserves.What do you think is going to happen to gold price and the gold short of the Fed then? The country could actually go bankrupt and that might cause war. The country is bankrupt already so that is not even the argument. It will just be a lot worse than the current situation as gold price will go up by a multiple in the mid double-digits when all of this is coming to an end.

So all the Federal Reserve is doing is helping the Chinese, Indians, Arabic countries, Russia and several other foreign countries buy gold cheaply. This will like everything the Fed has done so far, come to bite the American people in the ass. Shut the Fed down, people!!!!