| jpdell33 | -- 06-02-2022 @ 11:37 AM |
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I recently sent an email to the Fed that laid out a case that manipulating the price of gold to make the dollar look stronger, was a fool's errand and doomed to fail. Their reply to me was that the strength of the dollar was a Treasury Dept policy and that they responded accordingly. Is it possible that the underlying reason for a long and consistent attack on gold is not a Fed decision but a Treasury Dept one. Since Treasury Secretaries change with regularity and the attack on gold a long standing one (at least 10-11 years) it may be that an entrenched senior bureaucrat at Treasury is calling the shots on gold price movement - and as such a key player in the gold cartel.
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| bmurphy | -- 06-02-2022 @ 11:53 AM |
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Hi thanks for your effort. IMO, same tree. GATA has always brought in the Treasury as part of the deal. Larry Summers, etc. What you got there is their raison d'etre - Strong Dollar Policy. Does not matter who is President. all the best, Bill
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| jpdell33 | -- 06-02-2022 @ 1:00 PM |
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Thanks for your take. You've been at this a lot longer than I have.
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| jpdell33 | -- 06-03-2022 @ 11:43 AM |
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FYI. This a quote from Fed Board in response to my email to them on the manipulation of gold price. "It is also important to note that the United States Treasury Secretary serves as the official spokesperson for the United States on matters pertaining to the value of the dollar. Again, thank you for taking the time to write. Please note that this email account is not monitored. If you have additional comments or questions, use the "Contact Us" form at: https://www.federalreserve.gov/apps/ContactUs/feedback. aspx Sincerely, Board Staff "
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