The Hows and Whys of Gold Price ManipulationSubmitted by Free Silver on Sat, 01/18/2014 - 10:54
Central bank manipulation of precious metal prices—though gold leasing and fractional reserve lending—explained by Paul Craig Roberts and Dave Kranzler.
"Why does the Fed need seven years in which to return 20 percent of Germany’s gold? The answer is that the Fed does not have the gold in its vault to deliver. In 2011 it took four months to return Venezuela’s 160 tonnes of gold. Obviously, the gold was not readily at hand and had to be borrowed, perhaps from unsuspecting private owners who mistakenly believe that their gold is held in trust."
Well worth a read.