There is a fervent minority that claims gold and precious metals are manipulated to keep their asset prices from reaching a free market determined valuation. They claim that the measuring stick that is gold (& silver) against which all other assets are held constant, is being distorted.
First things first, what is manipulation and what forms does it take?
Manipulation – Control or influence (a person or situation) cleverly, unfairly, or unscrupulously. Alter (data) or present (statistics) so as to mislead. synonyms – control, influence, exploit, maneuver, engineer, steer, direct, falsify, rig, distort, alter, doctor, massage, juggle, tamper, tinker, interfere, misrepresent, etc. Psychological Manipulation – social influence that aims to change the behavior or perception of others; typically through abusive, deceptive, or underhanded tactics. Social influence is generally perceived to be harmless when it respects the right of the influenced to accept or reject and is not unduly coercive. Market Manipulation – the deliberate attempt to interfere with the free and fair operation of the market and create artificial, false, or misleading appearances with respect to the price of, or market for, a security, commodity, or currency.
This post was published at Zero Hedge on 05/11/2016.