"What has caused the price drop? Was it really a price manipulation by major U.S. banks?
Marc Faber : One can not exclude, of course, that there has been a manipulation. If you see that the banks can manipulate the interest rate, then that is of course also possible with the gold market. But it also speaks something about it. There is in the world around 150,000 tonnes of gold. About 21 percent of that gold is in the hands of the Western central banks - at least officially. Finally, there is no fiduciary evidence that the gold is actually there. Central banks in emerging markets have virtually no gold in reserve. If the gold price is artificially depressed down, then favors the Asian central banks. You can then buy at lower prices. So in the interests of Western central banks should not have been such an action."
at http://marcfaberchannel.blogspot.com/2013/06/marc-faber-on-what-might-have-cause.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarcFaberBlog+%28Marc+Faber+Blog%29
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