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Business/Finance See other Business/Finance Articles Title: The Most Important Question about Gold and Silver Price Suppression, Answered! I was going to write on a different topic today, but I had someone ask me a question, prompted by an exchange he’d read from a certain guru, Mr. Martin Armstrong. The exchange was about whether or not gold and silver were being actively suppressed by banks and governments. Armstrong continues to come against the argument of long-term suppression, but this shield brother’s question is so crucial, that once I read it, I knew I had to write on this topic immediately. It is becoming more and more important every day, for everyone possible to understand why the manipulation is prosecuted and ongoing, even more than who is doing it or how. The question basically goes like this, and I’m sure you’ve heard it too by this point: “Why would the governments(and large banks who run them) care about suppressing gold and silver for the long haul? There’s not alot of cash to be made in rigging these things ‘perpetually’, so why would the banking cartel choose to suppress silver and gold?” This question keeps coming up over and over, and the answer is so important that it bears repeating, especially since some newcomers to precious metals are just now getting involved in this fight. The number of voices out there still hilariously clamoring to defend the gold and silver markets as “freely and fairly-traded” and “totally legitimate” are are shrinking faster than the real U.S. job market. It has now become apparent to all but the most willfully blind, that there are serious, serious problems of price suppression within the precious metals’ futures trading space. So let’s address a few of Mr. Armstrong’s actual words, but not before we clear something up first. It Is Historical Fact First of all, anyone who’d deny that governments and banks couldn’t or wouldn’t suppress precious metals’ prices for very long periods of time, isn’t very savvy in the history department. After all, it’s barely half a century since Charles de Gaulle helped destroy the gold market riggers in the 1960′s by taking delivery of vast tonnage of gold, on behalf of France, from the London Gold Pool. The London Gold Pool was constructed by the Anglo-American banking powers, to hold gold’s exchange rate down at a price of $35 per ounce. Eventually they had to abandon this price fixing scheme, due to the tremendous loss of gold, but salient point remains: it is historical fact that banks and governments have felt that it is within their own best interests, to suppress the price of gold. They’ve repeatedly demonstrated that doing so for long periods(literally decades at a time), isn’t really that difficult, when you own most of the world’s investment-grade gold. This is elementary stuff, but another point I wanted to bring up, that nearly no one else mentions, is that the classical gold standard (and most gold standards in general) by definition, is purely a long-term price suppression scheme. That’s actually all a gold standard is! It is a group of governments and bankers, who own gargantuan stockpiles of gold, all agreeing on a price which they think is fairly sustainable, in which to either print currencies as a derivative of that stockpile of gold(in a worst case scenario), or in which to put a piece of gold in your hand(in the best case scenario). It doesn’t matter what the gold standard’s rate of exchange is: whether $20, or $35, or $35,000 an ounce, if they all “agree” on the exchange rate to peg gold at…..then it’s not a freely and fairly-traded rate, and the people living under it will simply be eventual victims of another generational, monetary scam, repeating the terrible cycle all over again. That is why this Watchman opposes the gold standard! A gold standard, in our modern contexts, is nothing but price rigging, and price suppression. It took me many years to get here, but several commentators, such as Mike Maloney have made me realize that a gold standard is just a gigantic scam that allows those at the top of the money pyramid to grant their crushing pyramids of debt, a longer lease on life. It affords all the power to those who deserve it least! I’m not for a gold standard, but for simply gold and silver in the hands of the people, trading freely against any other currencies(whether government or private) in any form. Read More @ TheWealthWatchman.com Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: christine (#0)
There's a reason that we say, "Good as gold" and not, "Good as FRNs".
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
Gold pretty much remains in the range of one half to double its average value. Therefore, the bankers and governments can suppress the price of gold but seldom and certainly not for long below half its average value. However, all paper money goes to zero. In the last hundred years, the dollar has lost 98% (the government claims 96%) of it value while gold is very close to the value it was 100 years ago. 100 years ago, gold was $20 an ounce and labor was $1.00 a day. Therefore, one once of gold or a $20 bill would purchase 20 days of labor. Now 100 years later an ounce of gold will still purchase about 20 days of labor at the national minimum wage but a $20 bill will only purchase 3 hours of labor. On that basis, the bankers may be able to suppress gold to $600 an ounce about half its average value. However, that is the limit because at that price there are too many buyers that will take delivery and most gold mines will stop production.
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2014/11/9_Dr._Paul_Craig_Roberts.html Summary of PM price manipulation and general criminal activity, 'uncovered'/naked shorts by Paul Craig Roberts
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