“So why does the price of gold and silver keep going down?”
Good question.
I’m no expert, but some say it’s a manipulated market, as are stocks and bonds. That is to say, the current world price does not necessarily reflect a true price, if a truly free gold market existed, but rather what the ‘controllers’ want it to be.
How long that can continue is an open question.
I’ll be interested to see what kind of answers you get.
“I’m no expert, but some say it’s a manipulated market, as are stocks and bonds.”
From October 2014 First Trust Research:
As of that day in the PDF the total market capitalization of the world’s stock markets is OVER $60 TRILLION. If you honestly think that is solely manipulative you are living in a dream world.
It is the sum of economic value of the underlying companies as the collective investor world values it. Throw in corporate bonds, municipal bonds, money market accounts, savings bonds, savings accounts, real estate, etc and the number is probably in the $150 trillion range total.
Keep believing it’s all some PLOT . . .
An interesting chart I found about gold usage and ownership:
World Gold Holdings (2011)
Location / Holdings(tonnes) / Share of total
Total 171,300 100%
Jewelery 84,300 49.2%
Investment (bars, coins) 33,000 19.26%
Central banks 29,500 17.2%
Industrial 20,800 12.14%
Unaccounted 3,700 2.2%
HALF of the gold in existence is in JEWELRY.
Keep dreaming that this market is manipulated too.