Is the west losing it's control over the price of gold?

[Matt Collins]

https://www.gainesvillecoins.com/blog/the-west-is-losing-control-over-gold-price

 

[Brian4Liberty]

https://www.gainesvillecoins.com/blog/the-west-is-losing-control-over-gold-price

The most logical explanation for gold’s recent behavior is a combination of surreptitious buying by central banks from emerging markets, and strong private demand in Turkey and China. It’s possible the WGC’s estimates of covert central bank buying are too low, given these estimates were falling during the price spike at the end of 2022 and the beginning of 2023.

As some of you might have noticed the US dollar gold price has been declining in the last months of the period of our investigation, and London was still a net exporter. Perhaps the West will regain control over the price again. I don’t expect the gold price to fall to levels previously suggested by the rates model though.

Of course some people and central banks are buying physical gold.

The west has controlled the price of gold by creating alternatives to physical gold. Why buy physical gold when you can buy Blackrock's alternative ETF GLD? How many people who would previously have bought gold have gone into crypto currencies instead? Those non-physical gold competitors serve to keep the spot price of gold down.

Try to buy physical gold and silver, and you will find a huge premium which will also deter people from buying...

 

[oyarde]

They are talking about a paper share which is totally different than a real coin. Right now an american one ounce gold bullion coin will run almost 9 percent over spot retail and a canadian about 7 percent maybe slightly less . That can go up but wont go down much , an ounce of silver probably 15 percent over for retail for generic , non govt with no face value.If you buy a paper share you have a paper share . if things get really bad you probably have not much of anything . Spot gold would certainly be well over 2k if it were not for bitcoin. Physical gold has unlimited potential as the value of the dollar declines ea day in third world inflation that as probably ran somewhere in the 33 percent per yr area on avg in groceries in the past three yrs