The average Joe knows nothing of Libor. The average Joe knows a lot about gold. Manipulating the price of gold would certainly awake the masses.
As with everything in economics, there is a correctional market mechanism for this scenario – the flight to commodities, particularly precious metals like gold. Gold holds its value when paper money loses value, because it is beyond the gift of the government to simply will gold into being and give it to friends in high places or voters in low ones.
If gold has been manipulated downwards and if that process continues, then all recourse to a store of value (other than land and property) has been taken from the individual.
Read the article here.
If you enjoy the content at iBankCoin, please follow us on Twitter
