Price Suppression

http://news.goldseek.com/GoldSeek/1365429840.php "Cyprus banking debacle hits the headlines gold and silver get sold down aggressively. This contrary action is consistent with intervention designed to bolster confidence in paper money. The evidence that central banks and their agencies have been suppressing the price of gold is therefore overwhelming"

 

Meh, that's a classic view by the community.
Really hard to put some reasoning behind the prices we are seeing now.
And in the end, does it matter?

I reckon that's one of the beautiful things with PMs: it's nice and simple: you buy a piece of metal and hold it.
The prices are what they are and there is a decent chance it will maintain your purchasing power. If you are lucky, you might profit, if you are not, you will lose.
It'll always be worth something and won't be easy prone to haircuts and such.
Why the price is doing what it's doing? We could put a 100 difference spins on this!
In the end, it is what it is!

 

Ah but isn't the 'why' half the fun?

 

Hehe I admit I'm a sucker for any news related to PMs

 

This was surprising to read last night... (Yes I know, it's the Daily Mail but my GF lovingly sent it to me)

http://www.dailymail.co.uk/news/art...-number-states-distrust-government-money.html

and I suppose with Goldman advising of such low prices for Gold we should look forward to some cheap PM buying opportunities?

As a relative newbie to PMs I'm just wondering if as a general rule it is as easy as doing the opposite of what GS advise?

http://www.zerohedge.com/print/472684

Thoughts ?

 

yes, and mainstream media, too.

 

Thanks Valuecreator I assume as much but you just wonder sometimes how they get away with stories such as these. Of course journalism is very lazy these days. (Thankyou Internet)

Much to learn.

To that end, despite it being suppression or manipulation would one expect to see $1200 spot for Gold next year, driven that way by GS and other power players. I mean if they can affect the prices so much how is our PM value safe?

(Excuse the broad sentence there, I know value can be based on other things than the USD etc and that nobody can predict the prices but everyday I am more and more fascinated by this stuff).