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Thank You Manipulators


APRIL 20, 2010


Free Markets

Free Market

In free markets, Gold and Silver prices are set by free buyers and sellers, setting the price amongst themselves. Interest rates are determined by the market (not central banks or governments) balancing savings and investments.

Rigged Market

Rigged Markets

In rigged markets, interest rates (the price of lending capital) are artificially set by central banks. Gold and Silver prices, if they are allowed to be traded, move under heavy guidance and manipulation.

Central banks and market manipulation

Central banks and deficit spending governments are the antithesis of free markets. They depend on their ability to manipulate markets and monetary supplies in order to continue spending on politically expedient projects.

USA national CD's and Savings rate

In our present-day rigged market systems, interest rates have been and continue to be fixed at artificially low levels. Fiat currencies are printed and abused ad nauseum without their competitors, Gold and Silver, being allowed to compete or establish a true fair market price.

According to researchers, today's Gold and Silver prices enjoy steep discounts under various suppression schemes and manipulations.

What Manipulations?

GATA.org

The good folks at GATA.org (Gold Anti-Trust Action Committee) have been documenting mounting evidence of Gold and Silver price management schemes since January 1999.

Commodity Futures Trading Commission

There has been lots of news coming out of the recent CFTC (Commodities Futures Trading Commission) hearings. Andrew McGuire, a whistle blower from the precious metals markets, brought forth evidence of price manipulation schemes by large commercial banks, specifically accusing JP Morgan of heavily manipulating the Silver market.

London Bullion Market Association

The London Bullion Market Association, known in short as the LBMA, trades over $5 trillion of Gold contracts annually.

During the recent CFTC hearings an analyst admitted the LBMA is leveraged at a 100 to 1 ratio.

What does that mean?

This means, allegedly, that the LBMA is selling 100 ounces of paper Gold claims for every one ounce of physical Gold in their vaults!

Vault

It seems the London Bullion Market Association has been tossing the age-old supply-and-demand theory out of its overly leveraged, next to nonexistent, Gold window.

According to Jim Willie of The Hat Trick Letter, when the LBMA's pesky clients demand physical Gold delivery, the LBMA simply bribes them with a cash payout or a settlement of ETF shares instead of handing over physical Gold bullion.

Market manipulation

Jim believes the LBMA has an ongoing "technical" default that more and more people are learning about every day that passes.

Why Manipulate Gold and Silver prices down?

Gold and Silver compete with fiat currencies of central banks. The higher Gold and Silver prices go, the worse fiat paper currencies appear.

Issuing currencies based in tangible assets, like Gold and Silver, hinders the banking establishment's ability to restrict or increase the flow of capital, thus diminishing their control over the financial system.

Downward price suppression gives the perception that Gold and Silver are unstable commodities as opposed to mankind's monetary unit of financial independence.

Gold coins

OK - The price of Gold and Silver is being manipulated. So what? Bring It On!

We literally hold real money strongly believing that the coming loss of control on Gold and Silver prices is inevitable. The longer this price manipulation endures - this has been going for quite some time now, the higher the price rebound that will finally occur!

How will the Manipulation end? When will it happen? How will we know?

If history is any guide, when the jig is up, fiat currencies will be loosing all credibility... sovereign nation states, corporations, and banks will be scrambling to get supply. The commodity exchanges where these price manipulations have been perpetrated may become obsolete. Getting one


This information is sourced from the original website/author listed above. Industry News is for informational purposes only and does not necessarily represent the views of GoldSilver.com

Mike Maloney Insights