Gyroscopic Investing

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A taxation of gold gains is probably the single largest form of manipulation.  Taxing nominal, but not real, gains is a way to "artificially" disadvantage other forms of stores of value.

You have heard of GATA, haven't you?

moda0306 wrote: A taxation of gold gains is probably the single largest form of manipulation.  Taxing nominal, but not real, gains is a way to "artificially" disadvantage other forms of stores of value.

But doesn't that apply to all real assets?  They're all taxes on the nominal gain.

MG, 

Yes it does, but gold is specifically supposed to be a form of wealth that does not deteriorate, so it makes it especially obvious.

Though, of course, gold isn't being manipulated in that sense any more than any other real asset (except for the non-preferred rate on gain).  Beyond that, I know of no manipulation... Maybe the fact that the central bank holds a bunch to begin with?

Would gold not being a Tier 1 asset for bank capital ratios count as manipulation? I guess I wouldn't consider that manipulation, but I think the result is that if the economy is going down, banks have to sell gold and buy treasuries, which are tier 1.  Although that doesn't explain the current rise in both gold and bond prices.

Does the treasury buy gold to mint gold coins, or do they pump it onto the market straight from their vaults?  That could be manipulation.  How do they decide how much to mint?