Central banks stand ready to lease gold in increasing quantities should the price rise

On July 24, 1998, before the House Banking Committee, Fed Chairman Alan Greenspan made the following statement: “Central banks stand ready to lease gold in increasing quantities should the price rise.” There has been speculation that world governments have been seeking to lower the gold price to rescue certain financial interests, aggressive bullion dealers, hedge funds, and gold mining companies due to “short selling”. It has been suggested that the short positions may be a substantial multiple of the total amount of gold currently held by the Bank of England. Keep an eye on this!bar chart diagram of golden dollar coins

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