The price of gold has recently been making another of its upward moves. These upward moves have been beaten back so consistently over the last 22 years that there is not much interest by the financial press or investors. But there will come a day when the threat of central banks to sell gold — which they sell mainly to each other — will no longer scare gold buyers. They will start taking delivery of their futures contracts. That will change everything. If officials in the central bank of China ever decide to use the bank’s enormous supply of dollar … Continue reading The Golden Veto