Oh no! The price of gold goes down as well as up. Who knew? |
Manipulation can go both ways. However, it is true that rise in gold price can make certain powerful financial interest unhappy. It could adversely effect currency values and monetary policy in general. So it is not a stretch to be mindful of some manipulation or intervention to keep its price from going up.
I don't think gold price should always go up, unlike some people who thought that their real estate price would always go up or stock price will never come down. I am not going to be rich from gold because I have none. I know there are some perennial gold bulls out there. On the other hand, there are mindless gold bashers, too.
Economy always change and the dogma that gold is always good (or always bad) is a stupid idea. These people should settle their personal hang-ups in some place else.