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How the price of gold is manipulated


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How the price of gold is manipulated

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 Victory Trader 
LA, California, USA
 
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If you are wondering how the price of gold is manipulated, this analysis is for you. "You will see that bullion banks that sell gold to investors possess only about 1% of what they sell, a fraud that is possible only because most buyers are content to leave their gold on deposit with the sellers, thinking that it is in safe keeping. All they really have is a piece of paper that says they own gold, but the gold doesn't exist. When the price of gold starts to rise, they simply sell more 'paper gold' to bring the price down again. This cannot continue forever, of course, but it is going on now, so you need to know about it. This is an excellent primer on how the game is played." - G Edward Griffin

Chris Powell: The why and how of gold price suppression | Gold Anti-Trust Action Committee

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 Fat Tails 
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I am not convinced that there is lot of valuable information.

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 GridKing 
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If you read the prospectus on Gld etf it states that they sell the gold to pay for storage, one day in the future , probably far in the future, it will be all paper just like everything else....

Governments have been stocking up on Gold though....

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Last Updated on July 1, 2012


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