Posted on 04/18/2012 10:38:25 AM PDT by appeal2
www.FinancialSurvivalNetwork.com presents Bob Chapman joined FSN again for our biweekly check-in. He believes things are going so badly in Europe, and they are getting worse by the moment. This means the elites must do everything in their power to keep the price of gold and silver in the cellar, no matter what it takes. But, it can only go on for so long until the market rights itself, and the manipulators get swept away. The good news is we're getting closer to that point, it's just a matter of time! While it's certainly a good idea to have some cold hard cash on hand, Bob believes it will only take a matter of days for people to adjust to the new monetary paradigm, when gold and silver become real money again.
I keep hearing about governments pushing gold and silver prices down but I never hear anything about how they actually do it.
Governments lease Gold - creating virtual Gold in the form of IOUs that are not redeemable in physical gold, only for cash.
They have also encouraged the formation of ETFs in the private sector which add to the false supply of Gold and Silver, and they have removed any regulatory oversight on the massive short position in (paper) Silver held by JPM.
The net effect is that about hundred times more Silver and Gold is traded than actually exists. Govt entities can and do sell paper Gold and paper Silver to crush the price of the real metals.
Not a problem for me: I buy physical. But it wipes out margin traders.
In the end these Governments will end up with loads of IOUs they can’t possibly redeem just at the moment the supply of physical Gold starts to stutter.
If it helps: think of the precious metals markets as being a game of musical chairs with 100 players, and one chair.
One day the music will stop.
The govt lies about increasing their gold reserves and manipulate the ETF’s.
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