I guess that would be the reason for the government to manipulate it. However, that raises several questions in my mind: 1. If the US government really manipulates the price of gold and silver through naked shorts by GS and HSBC, are we the only government involved? 2. Is a low price of gold and silver the only thing supporting the value of fiat currencies in general and the US dollar specifically? In other words, if the price of gold and silver is really being suppressed by the US government and if that suppression ended, would the price of gold rise to what many consider its true current value of $5-10,000 per ounce with a corresponding decline in the value of the US dollar? 3. Are other markets being manipulated to preserve the value of the US dollar? If so, which ones?
still on the fence about metals manipulation but it was interesting to note that gold and silver both fell sharply starting at exactly 130 ET when the physical (sort of) comex market closed and the electronic cash market started. Metals traders that believe in manipulation often state that these are the hours when takedowns start.