Rumors have abounded for many years that the price of gold has been suppressed by governments and central banks.
One of the methods alleged to be used is the futures markets. There is not enough gold to cover the futures contracts bought and sold on exchanges. It is likely that has always been the case. What is shocking is the apparent current leverage (contracts vs. physical) that may be as high as 100:1 according to the following interview.
Gold is real money as opposed to fiat currency which is backed by nothing but the promises of crooks governments. For several years, it has been rumored that manipulation has been going on in both the gold and silver markets. The reasons for the alleged manipulation vary, but the primary hypothesis is that this is being done to hide the massive counterfeiting (expansions of the money supply) that is going on.
The interview below suggests that the suppression scheme may be about to break. Certainly recent behavior in metals prices is not inconsistent with what is alleged.
I make no representations regarding the validity or invalidity of claims made in these videos. Those interested in gold, however, should at least be aware of what some people allege.
The one point that I would make is that the entire economic and financial system is exhausted and spent around the world. The power elite as the Daily Bell has described them is losing control, something they have not experienced for probably fifty years. Per the Daily Bell:
We have long listed the themes that the elite is having trouble promoting these days. (And that is not good for those who want increased centralization of power and authority.) Global warming, Peak Oil, central banking, the European Union, gold and silver (versus the dollar), the IMF, the United Nations, vaccinations, the war in Afghanistan – on and on … almost everywhere we look we see these fear-based promotions foundering. And the realities they are supposed to establish crumble as well.
The economy is collapsing, the banks are insolvent and the entire system is in danger of crashing. Those in charge, around the world, are desperate and will do anything — ANYTHING — to prevent this unsustainable system from meeting its inevitable end. Morality, ethics, law, the Constitution and nothing else matters anymore. We are talking about survival here. A cornered, wounded animal will do anything — ANYTHING — to survive.
To see the remainder of the interview, go here.
Selling more paper than there is physical gold? That’s hardly believable. When have the powers-that-be ever done anything similar? (Can any one say, CDO?).
Thanks for recommending this interview. I find the whole scenario at very least plausible. I’d heard that gold was manipulated but this is the first time I’d heard it explained so clearly. The message for those who wish to buy gold is plain: Insist on the physical delivery of your gold. Do not rely on gold certificates or gold ETFs. If this scandal is true, then the price of gold is going to go through the roof–but you better have the gold itself and not some worthless piece of paper saying that you are entitled to it.