The Hows and Whys of Gold Price Manipulation

http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/ ^ | January 17, 2014 | Paul Craig Roberts and Dave Kranzler

[nathanbedford]

The evidence of gold price manipulation is clear. In this article we present evidence and describe the process.

What we are witnessing is our central bank pulling out all stops on integrity and lawfulness in order to serve a small handful of banks that financial deregulation allowed to become “too big to fail” at the expense of our economy and our currency. When the Fed runs out of gold to borrow, to rehypothecate, and to loot from ETFs, the Fed will have to abandon QE or the US dollar will collapse and with it Washington’s power to exercise hegemony over the world.

[nathanbedford]

This is an article which deserves reading and compels rereading by every aware conservative. I cannot vouch for the article, I cannot endorse the authors' assertions concerning the motives of the central bankers in manipulating the gold markets or even the fact that the markets have been manipulated.

I can confirm that the authors have made a compelling case and I find no factual errors in the article. I am not happy with the initial assertions about the failure of government oversight but the rest of the article, to the best of my knowledge, stands up.

This is an article which deserves reading and compels rereading by every aware conservative. I cannot vouch for the article, I cannot endorse the authors' assertions concerning the motives of the central bankers in manipulating the gold markets or even the fact that the markets have been manipulated.

I can confirm that the authors have made a compelling case and I find no factual errors in the article. I am not happy with the initial assertions about the failure of government oversight but the rest of the article, to the best of my knowledge, stands up.

The article is not long, it is exactly as long as the authors concluded they needed to make their point. The point, if one accepts their scholarship, is that the world economic system is clearly at an inflection point and the prospects are truly frightening.

[nathanbedford]

Sorry for the inadvertent repetition in the first reply.

[knarf]

That's OK
That's OK
That's OK

[DeaconRed]

Agree
Agree
Agree. . . . . .

[nathanbedford]

As WC Fields said,

Pardon my redundancy.

[knarf]

Ah yess, yesss ...

Anyone that hates little boys and dogs can't be all bad,

noooo

[lucky american]

When the SHTF and these countries demand their gold , that the Fed no longer has, the government confiscates civilian holdings of gold.
Oh wait, this has been done before.
Will we sit back and take it? Or will the revolution begin?

[SkyPilot]

the government confiscates civilian holdings of gold.

They will do more than that. The collapse will be so vast and deep that they will seize IRAs and other assets. If people don't think that is going to happen, they are deceiving themselves.

The financial collapse atmosphere will be on of absolute panic. This will be used to their advantage. They will issue worthless "bonds" in exchange for your IRAs and other assets, including the precious metals that will now be illegal to own. They will make examples of those who resist (just like they did during the 1930s). There will be prominent arrests of people who thought their gold was securing in safe deposit boxes. With Federal agents standing around and the cameras rolling, they will open these, and there will be arrests.

The government knows exactly where your assets are, because they force you to declare them. The know how much is in your IRA. Count on it.

[palmer]

The authors need to separate and clearly label what is known fact and what is their speculation.

[R. Scott]

We will sit back and take it.

[Red in Blue PA]

I made my first investment ever in a gold mining stock last week. Part of the reason being they were the worst performers of 2017 and 2013, down nearly 70%.

But a bigger reason is that we have a huge round number coming down the road no too far away, $20 TRILLION. Watch for the price of gold to move up once people realize that the problem’s of Greece, Portugal et al, along with the Debt of the USA, have not been fixed, but merely swept under the carpet.

Government can only fix prices for so long before reality takes over.

[Red in Blue PA]

2017=2012

[bkopto]

the government confiscates civilian holdings of gold

I was kayaking out in the ocean the other day, using my gold as ballast, but a big wave capsized my boat, and now all my gold is in Davy Jones locker. Sniff : (

[bkopto]

So are the Germans upset that their gold is gone?

[Prov1322]

I made my first investment ever in a gold mining stock last week

Let me suggest to you that you view this as a trade and not an investment. Big difference. The miners do not trade in context with the metal itself.

So, it may be a great move, but do not "set it and forget it" like you would for an investment.

[nathanbedford]

Many of my nearest neighbors are cows and they do not seem to be too upset about the gold problem nor do the farmers who tend to them here in Bavaria. If one considers that much of the QE2 went to German banks, one can understand this is really a cross-border phenomenon with bankers and elitists on one side and the low information voters on the other.

[varmintman]

Seems to me that if gold had any sort of intrinsic value or use for anything, it would be much harder for anybody to manipulate its price.

[Red in Blue PA]

That is indeed my goal. I plan on holding this for 3 to 5 years and probably selling at 65+.

[Wingy]

This is a well written article that lays out the facts for the uninitiated, but I've been reading about this for 10-15 years. The info is true, as far as I can tell, and the only thing that keeps the markets afloat is the ignorance of the general public, and the size of the pot that they started with. As I understand it, the last audit of the vaults at Fort Knox showed approx. 8600 tonnes. In 1972! The rumor is that if another audit were done today it would find many empty drawers, and some say they are all empty!

My thoughts are that when the Fed drives down prices, it's like a sale, so time to buy. $1250 gold is certainly cheaper than $1900, and in the quantities that I can afford, fit in my safety deposit box with no problem. No need to store in my boat...

[seowulf]

Seems to me that if gold had any sort of intrinsic value or use for anything, it would be much harder for anybody to manipulate its price.

Absolutely. Nobody has ever manipulated the price of oil, or corn, or sugar, or...