Thursday, July 2, 2015

Market Paradox: Record gold purchases in Europe over weekend see prices climb by only .2%

If there was any debate on whether gold prices are being manipulated, all one has to do is look at Europe over the past 24 hours and you will be completely convinced.  Purchases of gold bullion in Britain, and from dealers all around the world by Greek, German, and other people’s residing within the Eurozone, was more than double the historic average in the past few days.  Yet as of the market opens on June 29, the price of gold has only risen .2%, or $2.20 in dollar terms.

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