I somewhat agree on Holter. JSMineset has gone down since he teamed up with Sinclair. His " standing watch" by-line is wanky and all the god stuff is irritating. Ditto usa watchdog.com btw. Just feeding the discussion wrc. I do believe that it's manipulated big time - mainly by China I suspect. They're the smartest. p.s. It's all paper.
Looks like Silver will be worth more than gold one day because of the declining above ground supplies - which are almost equal. LINK to silverdoctors.com BELOW. https://www.silverdoctors.com/silve...ore-than-gold-in-the-next-financial-collapse/
Rickards keeps busy touting his new book - now claims "world money has now been pegged to gold at a rate of SDR900 = 1 ounce of gold. It’s a new gold standard using the IMF’s world money." https://news.goldcore.com/us/gold-b...ld-as-it-is-where-the-whole-world-is-heading/
Keith's arguments were pretty sound. I think that if we start trading/using gold again, like before we went off the gold standard, we'll be able to avoid a lot of this manipulation and centralized control.
Zerohedge isn't about stupidity or brains in general, zerohedge is an interest group of the central planning, the latter devalue fiat as to drive fiatholders into risk by purchasing stuff as an attempt to store their value (in terms of purchasing power), zerohedge sells such stuff, and both frontrun those fiatholders, the former on the months term along a futures market, created especially to hedge against those fiatholders, the latter on the decades term, by doing on purpose the opposite of what those fiatholders try (buy low sell high): when the fiatholders buy stuff, the central planners buy higher, doubling the price rise rate, inflicting fiatholders less stuff for their fiat, and when the stuffholders sell, the central planners sell lower, doubling the price drop rate, inflicting stuffholders less fiat for their stuff. See, the central planners use other peoples money, they don't have to work for it, unlike fiatholders/depositors/savers. The former can thus buy at any price, the latter run out of their ammo and can't. Zerohedge blames governments / central planning all day long? - hold on, it's just soap, just like political parties that publicly pretend to oppose eachother but when elected all do the same. Without governments, fiatholders wouldn't lose purchasing power (they'd rather win, due to gradually cheaper becoming of new products), and the Zerohedge dealer club would only sell numis to collectors, a sales volume that would shrink the club to 1 old man with lotsa wrinkels, with the rest being forced to search for profit/income elsewhere.
Why would central banks governments want to peg their gold to anything? They didn't buy gold purposely at high prices to hedge against their own inflation, they buy it to inflict speculators in gold fewer ounces for their fiat. Just like a futures market contract, it's not the underlying, the product itself that matters for them, it's what speculators do that matters. They could aswell peg their gold to toilet paper and diamonds in the sky - their balances (their so-called self-declared as such "reserves" are clowns money.
1. Worlds' central planning thieves have a number of depositors fiatcurrency-storing banks, a few of these being declared as "system banks", with a number of these acting on the gold market, the so called "bullion banks" - the LondonBullionMarketAssociation members. The... gold banks. 2. Worlds central planning thieves have a number of central/national banks, that they gave a privilege to produce money (dollars, euros) legally (unlike everybody else that they declare as a counterfeiter and use violence against), and that perform a supervisory control over 1. 3. Worlds central planning thieves have a number of commissions, that they place on markets, alike the CFTC, and that force the trading people / organisations to follow rules of the central planners, spy on the trading people, and report to the central planners. This is the "banking system", "financial system". The central planning tries to force as much of the trading they can into this controlled environment, hence their actions against OverTheCounter markets. Above is what they name "The Free Market". HAHAHAHAAHAHA! Now, GOLD. Why does the central planning want to influence the price of gold? To fight the fiatcurrency holders, that try to escape the fiatcurrency based theft - the consequence of the intrest rates manipulation committed by the central planning's central banks, along using gold instead of fiatcurrency, to store value. How do they fight them: by inflicting them higher gold prices when they buy gold, and lower gold prices when they sell gold. They know when those speculators buy or sell, by the data reported by their spying/controlling agencies on the markets. How does the central planning influence the price of gold? They don't visit flea markets. They don't scroll through Ebay. They don't order from Apmex. They don't bang doors asking 'you have gold I wanna buy?' Instead, they trade gold with some of the entities they placed in the gold market: those system banks named "LBMA members". Using fiatcurrency stored in the banking system, or newly created fiatcurrency, they buy X tonnes from the LBMA banks, at higher gold prices, and the gold price goes further higher with D. Then they sell X tonnes to the LBMA banks, at lower prices, and the gold price further down with D. In the process, speculators everytime after buy gold at X+D, and sell gold at X-D. The difference, D, is the loss, and the profit of the LBMA banks. Halve of it is speculators' loss, the other half of it is central planners' loss. After some time, the LBMA banks thus accumulated fiatcurrency of both central planners and gold speculators. Now, the goal of the central planning was to wipe out purchasing power of the former fiatcurrency savers / later gold speculators, as to be able to buy peoples production without general price-inflation risk beyond their target. In order to do so, the central planning had to add, and lose (due to buying high > selling low) some fiatcurrency to the gold market. That, and the fiatcurrency lost by gold speculators, needs to be returned to the central planning, so that the amount fiatcurrency in the system, drops to the amount it was before, and inflation thus stays under control. Now, this poses a rather pesky problem. The LBMA banks can't just transfer a property of billions dollars to central banks without any reason. That would raise eyebrows everywhere and make people wonder about the reason. Their solution? Well haha, fine them! There was a crisis, concerning alot fiatcurrency holders, causing these to buy gold, resulting in loss. What would be more ideal than puttting the blame on the big system banks that are LBMA members? The gold speculators will heartfully agree to make those bastards pay! And so said so done. The former fiatcurrency savings of the gold speculators gets transferred to the central bank, and DESTROYED. LBMA clearing members: Barclays Bank PLC ScotiaMocatta Deutsche Bank AG HSBC Bank JPMorgan Chase Bank UBS AG Total fines of Barclays Bank PLC, JPMorgan Chase Bank, Deutsche Bank AG, HSBC Bank, UBS AG, 26,085,420,000 USD 26,1 billion USD Only ScotiaMocatta wasn't fined. This should equal the profit that the bullion banks realized on their buy gold low from central banks > sell gold high to central banks.. Let's check, using year-average gold prices, what the bullion banks received for the central banks gold during the high gold price years: year / tonnes / avg price/ounce / total 2010 77 1224.53 3,031,580,941 2011 455 1571.52 22,990,071,529 2012 544.1 1668.98 29,197,043,150 2013 409.3 1411.23 18,571,567,373 TOTAL RECEIVED FROM CENTRAL BANKS: 73,790,262,993 USD Let's check, same way, what they paid for the central banks gold during the low gold price years: Central banks were net sellers over at least 1997-2009. If we take price pivot year 2004 as reference, so 2004-2009 then they bought 2260 tonnes from central banks. year / tonnes / avg price/ounce / total 2004 479 409.72 6,310,033,877 2005 663 444.74 9,480,445,229 2006 365 603.46 7,081,909,397 2007 484 695.39 10,821,384,192 2008 235 871.96 6,588,301,088 2009 34 972.35 1,062,944,402 TOTAL PAID TO CENTRAL BANKS: 41,345,018,185 USD The difference: 73,790,262,993 - 41,345,018,185 = 32,442,244,808 USD What was the fines total: 26,085,420,000 Quite close, isn't it? The difference can be explained by central banks not buying precisely at those year average gold prices (rather quite sure), and fines I missed, either by not listed on my sources either fined later. Well, this is the real gold manipulation. The one sitting in the I'M BLIND I'M BLIND spot of Zerohedge.
Here is a pdf link to the 305 page book GOLD WARS for those who want to learn a bit more about gold: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.466.9805&rep=rep1&type=pdf
Were these same manipulators doing all of this when gold went from a few hundred an ounce in the early 2000s to almost $1900 in 2011? Such a large increase in value sure does look like manipulation to me, albeit on the way up instead of down. The real truth is that if real physical demand exists, the price can't be held down, at least for long. The only shortages of metal that exist in such markets today exist in the minds of the same prognosticators that in general have been wrong since 2011.
You missed the trick / the goal of the central planning: if they see alot people sell gold, they sell gold too, so that those people receive fewer dollars for their ounces gold, due to the bigger gold price drop. And the opposite scenario, when they see alot people buying gold, they buy it too, causing a bigger gold price increase, and people receive fewer ounces gold for their dollars.
People lie and cheat on their tax returns but some people think the precious metals prices are legit ...
As I have mentioned in a couple of my other posts, gold is being manipulated by the Luciferian elites and capped at$1,360. This is the level where all previous gold spikes have been repelled over the last 5 years of so. On Friday we again saw the same shit happening again. Gold spiked up to $1357 during the London gold trading sesion, then when London closed the Comex paper monkeys came out in force and hammered the price back down to $1337. Seen this shit happen so often that I am getting sick of it. Those who still dont belive in gold manipulation, should seriously look at getting a brain implant!
Maybe so,but if you currency is weaker like ours their is still records to be set like last week and profits to be made if you bought a while ago Either way gold is gold is gold,the best and only real insurance other than God
