What's up with the gold price?

[ClaytonB]

Gold keeps dropping in price while the stock market is crashing (they usually move in opposite directions) and, locally, I can’t even buy gold coins because the coin shops simply don’t have any for sale at any price.

What’s going on? Can the gold price be artificially diluted/manipulated? I read something about “gold derivatives” once, could these be being inflated by central banks (or other entities) to dilute the exchange price for gold?

Clayton -

[duffmann808]

@ClaytonB

Gold keeps dropping in price while the stock market is crashing (they usually move in opposite directions) and, locally, I can’t even buy gold coins because the coin shops simply don’t have any for sale at any price.

What’s going on? Can the gold price be artificially diluted/manipulated? I read something about “gold derivatives” once, could these be being inflated by central banks (or other entities) to dilute the exchange price for gold?

Clayton -

Maybe this will help…

[rroopstr]

If I understand this in layman’s language, the article states that “fiat gold” is becoming worthless because inverstors what they want is “real gold” ???

[duffmann808]

@Rubén

If I understand this in layman’s language, the article states that “fiat gold” is becoming worthless because inverstors what they want is “real gold” ???

Investors want the real gold that they are buying and not just the promise of gold.

[rroopstr]

Thanks, Jonathan.