Aidan - The banks have admitted manipulating the gold price repeatedly and been fined, trouble is they make more money from lying than they pay in fines. They can't go on doing it forever it will go up. there are a number of scenarios that would make it inevitable.

Send a few bankers to jail.

The whole system would crash in minutes if everyone holding ETF gold certificates wanted to cash them in for real gold, because all they have is paper which can be produces again and again and again. Can't do that with real gold.

People have only lost money on gold if they sell it at a lose, to a lot it is a gamble you can sell it if the price goes up or you can keep your money in the bank and get a few peanuts or in some countries with negative interest rates pay for them to keep your money.

Another reason for the emergency meeting might be because Saudi Arabia are threatening to liquidate 750bn worth of US treasuries and any other US assets they have over a bill attempting to release the 911 28pages document, to avoid potential legal action against the kingdom.

http://www.news.com.au/world/north-america/saudi-arabia-threatens-to-sell-american-assets-should-us-congress-pass-911-bill/news-story/0c2f6cf2bdd62b8380d5c84ae2d88be2

http://www.infowars.com/its-time-to-admit-the-911-truthers-were-right/

Hi AC,

And how did that go ?

Hey Loudmouth,
As for the economic side, I was hoping others could provide some insight, as I'm not very learned with these matters, and what it all means.

As for 9/11 I've known for a long time that we weren't given the full story, and I guess we'll just have to see what happens next.
I'm starting to think that there's really 2 parts to 9/11.
The act - and the response in 2001;
and the blame - and the response, maybe now.

Obviously the US has had this card up their sleeve for some time and I wonder whether certain interests have been waiting till the temperature is just right to use it, and hang Saudi Arabia out to dry.
Who knows, maybe I'm being paranoid, maybe not.
It's hard not to question things when there's good reasons to think you're not being told the truth.

Well, Armchair, the Shanghai Gold Exchange is live and nothing's happened, which proves my point.

Saudi Arabia suddenly liquidating its US assets would have a much bigger impact, but not catastrophic, and Saudi would probably lose a lot more than America would.

Well its only a gold price index but it does give China some power over gold pricing.
I don't know a lot about this stuff which is why I brought it up and asked.
But Deutsche Bank was caught manipulating metals prices, and also there's the paper trading thing.
The US jobs data says 4.9% unemployment, yet there's 100mn on foodstamps and welfare, that don't add up..
Wasn't Libor about manipulated interest rates?
What about the Plunge Protection Team?

It seems to me that everything's been fiddled with and there's not a lot of truthfulness or integrity over there, the systems propped up on bs.
But as said I'm a novice with economic stuff, I really don't know a lot about it.