What Is The Fair Value of Gold?
by Tyler Durden
Fair value of gold? | Having detailed yesterday the manipulation in the precious metals markets that implies the bear market in bullion is an artificial creation, we thought the following ‘rational’ chart effort at ‘valuing’ gold may provide some frame of reference for the level of riggedness occurring…
Gold fair value, measured by a GDP-weighted average of global central bank’s balance sheet expansion, as of Jul 2015
It is unlikely that regulatory authorities are unaware of the fraudulent manipulation of bullion prices. The fact that nothing is done about it is an indication of the lawlessness that prevails in US financial markets.