Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Is Gold Being Manipulated?
Advertisment ^ | 31 January 2008 | GATA

Posted on 01/31/2008 12:06:56 PM PST by shrinkermd

GATA alleges that gold stored in US vaults has not been audited for some time. Further they allege the gold is being used to artificially depress the price of gold.

This full page ad appeared in the WSJ today. It can be found: HERE.


TOPICS: Business/Economy; Constitution/Conservatism
KEYWORDS: centralbanks; gold; manipulation
Navigation: use the links below to view more comments.
first 1-5051-56 next last
This is either a scandal of unbelievable proportions or a paranoid fantasy of unbelievable proportions.
1 posted on 01/31/2008 12:06:56 PM PST by shrinkermd
[ Post Reply | Private Reply | View Replies]

To: martin_fierro; dighton; Tijeras_Slim

2 posted on 01/31/2008 12:11:03 PM PST by Constitution Day (Ray Smuckles for President)
[ Post Reply | Private Reply | To 1 | View Replies]

To: shrinkermd
This is either a scandal of unbelievable proportions or a paranoid fantasy of unbelievable proportions.

Or else a sales pitch by someone who wants you to think that the price of gold is about to jump, and they just happen to have some you could buy buy buy right now.

3 posted on 01/31/2008 12:11:41 PM PST by KarlInOhio (Rattenschadenfreude: joy at a Democrat's pain, especially Hillary's pain caused by Obama.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: shrinkermd

Paranoia. Conspiracy theorists have been spreading these rumors for 60 years. Every so often they do an audit, and the next day, they are back at it, making the same allegations.

When you think about it, though, you wonder why we have the gold reserve to begin with. What good is it? Why not liquidate it and use the money to pay down the national debt? In order to be a scandal, it’s gotta be something bad. Selling off the gold reserve might be a good idea.


4 posted on 01/31/2008 12:12:54 PM PST by Brilliant
[ Post Reply | Private Reply | To 1 | View Replies]

To: shrinkermd

I think the only manipulation going on is all the world’s government is obfuscating the REAL inflation rate...


5 posted on 01/31/2008 12:14:11 PM PST by John123 ("What good fortune for the governments that the people do not think" -- Adolf Hitler)
[ Post Reply | Private Reply | To 1 | View Replies]

To: KarlInOhio

You can always count on gold brokers scaring people into buying from them. This has been par for the course for 25 years or more.


6 posted on 01/31/2008 12:14:23 PM PST by HD1200
[ Post Reply | Private Reply | To 3 | View Replies]

To: Brilliant

Maybe they cant because its actually all radioactive. You know, like in goldfinger...


7 posted on 01/31/2008 12:14:51 PM PST by Michael Knight (Young loner in a dangerous world of liberals who operate above the law.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: shrinkermd

About GATA:

The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy’s Internet site.

They have been advocating a public audit of Ft Knox if my memory serves.


8 posted on 01/31/2008 12:15:01 PM PST by Abathar (Proudly posting without reading the article carefully since 2004)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Constitution Day

9 posted on 01/31/2008 12:17:23 PM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
[ Post Reply | Private Reply | To 2 | View Replies]

To: shrinkermd; bang_list

One useful thing you could do with gold is make magnum shotshell shot out of it, what with the insane ban on even copper-coated lead shot for waterfowl. I mean, “bismuth” and hevi-shot aren’t a whole lot less expensive than gold. In fact copper is the main ingredient of the medicine for lead-poisoning so that even if there was some magical duck or goose capable of chewing through a copper-coated lead pellet, he’d get the cure along with the disease and in theory at least it shouldn’t hurt him.


10 posted on 01/31/2008 12:18:34 PM PST by jeddavis
[ Post Reply | Private Reply | To 1 | View Replies]

To: shrinkermd
Further they allege the gold is being used to artificially depress the price of gold.

Well, "They" aren't doing a very good job. Gold is up over 300% in 5 years.

11 posted on 01/31/2008 12:20:03 PM PST by Migraine (...diversity is great... until it happens to YOU...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: KarlInOhio

Our gold is not in Fort Knox?

I guess it was those tough emloyment contracts the guards, military, administraters, managers, truck drivers, etc. signed that forbid them from ever writing a book about when & how the gold disappeared and making a few million on the side for retirement............


12 posted on 01/31/2008 12:20:37 PM PST by HD1200
[ Post Reply | Private Reply | To 3 | View Replies]

To: shrinkermd

"It's gold, Jerry, gold!"
 

13 posted on 01/31/2008 12:21:12 PM PST by snarks_when_bored
[ Post Reply | Private Reply | To 1 | View Replies]

To: Migraine

You aren’t listening to them; they think it should be $5,000 per ounce now. BUY BUY BUY BUY!


14 posted on 01/31/2008 12:21:22 PM PST by HD1200
[ Post Reply | Private Reply | To 11 | View Replies]

To: abb

I just KNEW there was more to Goldfinger than just being a 007 movie. There was truth to it. I’ll be darned....good thing I saw it 9 times when I was 13 years old.


15 posted on 01/31/2008 12:22:53 PM PST by HD1200
[ Post Reply | Private Reply | To 9 | View Replies]

To: snarks_when_bored

looks more red and x to me ;o)


16 posted on 01/31/2008 12:24:57 PM PST by Squidpup ("Fight the Good Fight")
[ Post Reply | Private Reply | To 13 | View Replies]

To: abb

beat me to it.


17 posted on 01/31/2008 12:25:03 PM PST by MrEdd (Heck is the place where people who don't believe in Gosh think they aren't going.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: HD1200
good thing I saw it 9 times when I was 13 years old.

I'm sure Miss Galore had nothing to do with that.

18 posted on 01/31/2008 12:27:27 PM PST by Tijeras_Slim
[ Post Reply | Private Reply | To 15 | View Replies]

To: Tijeras_Slim

Yes, Ms. (Pussy) Galore had everything to do with my seeing the movie 9 times when I was 13!!


19 posted on 01/31/2008 12:28:59 PM PST by HD1200
[ Post Reply | Private Reply | To 18 | View Replies]

To: Tijeras_Slim

Yes, Ms. (Pussy) Galore had everything to do with my seeing the movie 9 times when I was 13!!


20 posted on 01/31/2008 12:29:29 PM PST by HD1200
[ Post Reply | Private Reply | To 18 | View Replies]

To: Tijeras_Slim

Yes, Ms. (Pussy) Galore had everything to do with my seeing the movie 9 times when I was 13!!


21 posted on 01/31/2008 12:29:31 PM PST by HD1200
[ Post Reply | Private Reply | To 18 | View Replies]

To: MrEdd

"This is gold, Mr. Bond. All my life I've admired its color, its brilliance, its divine heaviness. I welcome any enterprise that will increase my stock...which is considerable!"

22 posted on 01/31/2008 12:29:47 PM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Squidpup

Already? Dang!


23 posted on 01/31/2008 12:30:59 PM PST by snarks_when_bored
[ Post Reply | Private Reply | To 16 | View Replies]

To: shrinkermd

Probably Dick Cheney’s doing.


24 posted on 01/31/2008 12:31:04 PM PST by ElkGroveDan (I'm sick and tired of being sick and tired of all the politics in politics.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

Favorite line:

Bond - “Do you expect me to talk?”
Goldfinger - “No, Mr. Bond, I expect you to die!”


25 posted on 01/31/2008 12:32:30 PM PST by ctdonath2 (GWB wept for those who suffer. HRC wept for herself.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: abb

“So Goldfinger, do you expect me to talk?”


26 posted on 01/31/2008 12:33:05 PM PST by Mr. Lucky
[ Post Reply | Private Reply | To 22 | View Replies]

To: HD1200

You can say that again!


27 posted on 01/31/2008 12:38:33 PM PST by CholeraJoe ("A dead whale or a stove boat!")
[ Post Reply | Private Reply | To 21 | View Replies]

To: HD1200

so does that mean you saw it 27 times when you were 39?


28 posted on 01/31/2008 12:39:13 PM PST by SlapHappyPappy
[ Post Reply | Private Reply | To 21 | View Replies]

To: HD1200

I think we got the message! ;-)

Ms. Galore was played by Honor Blackman, who was also in the Avengers before Diana Rigg came along.


29 posted on 01/31/2008 12:39:52 PM PST by rightwingintelligentsia (Bi-partisanship: Democrats and RINOs working together to screw up the country)
[ Post Reply | Private Reply | To 21 | View Replies]

To: KarlInOhio

>> Or else a sales pitch by someone who wants you to think that the price of gold is about to jump, and they just happen to have some you could buy buy buy right now.

That’s my guess.

H


30 posted on 01/31/2008 12:40:46 PM PST by SnakeDoctor
[ Post Reply | Private Reply | To 3 | View Replies]

To: shrinkermd

Gold hit a new high today! This is incredible! It’s a good thing it has next to no use whatsoever so we don’t actually have to buy today!


31 posted on 01/31/2008 12:44:48 PM PST by RightWhale (oil--the world currency)
[ Post Reply | Private Reply | To 1 | View Replies]

To: shrinkermd

As bad as the gov is just printing all those federal reserve notes I doubt they are stealing our gold and dumping it to depress it below its already record 900.


32 posted on 01/31/2008 12:46:30 PM PST by omega4179
[ Post Reply | Private Reply | To 1 | View Replies]

To: shrinkermd

As bad as the gov is just printing all those federal reserve notes I doubt they are stealing our gold and dumping it to depress it below its already record 900.


33 posted on 01/31/2008 12:49:22 PM PST by omega4179
[ Post Reply | Private Reply | To 1 | View Replies]

To: John123

BINGO!!!!


34 posted on 01/31/2008 12:51:33 PM PST by TruthConquers (Delendae sunt publici scholae)
[ Post Reply | Private Reply | To 5 | View Replies]

To: RightWhale
It’s a good thing it has next to no use whatsoever...

Gold is very much needed in the electronics industry. At low voltages and low energy levels, you need contacts in your switches, relay tips and connectors that have low resistance and will not tarnish.

35 posted on 01/31/2008 12:59:44 PM PST by chopperman
[ Post Reply | Private Reply | To 31 | View Replies]

To: Migraine
Bingo!!!...its been the best performer of any sector in the market...a No brainer!!!.... with all the fiat money being printed it cant help but go up more.....and the best part is...most of the people haven't caught on yet...watch what happens when the talking heads start touting it....I think ill keep mine for awhile longer
36 posted on 01/31/2008 12:59:47 PM PST by M-cubed (Why is "Greshams Law" a law?)
[ Post Reply | Private Reply | To 11 | View Replies]

To: chopperman

Oh, yeah, forgot that somewhat inconsequential application. Remember to recycle your boards! LOL


37 posted on 01/31/2008 1:02:59 PM PST by RightWhale (oil--the world currency)
[ Post Reply | Private Reply | To 35 | View Replies]

To: RightWhale
its main use is a store of value!!!...been that way thru the ages....even Greenspan understands that... http://www.321gold.com/fed/greenspan/1966.html
38 posted on 01/31/2008 1:06:38 PM PST by M-cubed (Why is "Greshams Law" a law?)
[ Post Reply | Private Reply | To 31 | View Replies]

To: RightWhale

Gold Usage in 2001 (tonnes)

DEMAND BY APPLICATION

Fabrication:
Jewellery 3006
Electronics 203
Dentistry68
Official Coins (Sales)56
Medals and other coins 55
Other Industrial and
Decorative 102
Total Fabrication: 3490
Bar Hoarding 232
Net Producer Hedging 147
TOTAL DEMAND 3868

-from Gold Fields Mineral Services Ltd ‘Gold Survey 2002’.


39 posted on 01/31/2008 1:07:44 PM PST by chopperman
[ Post Reply | Private Reply | To 37 | View Replies]

To: M-cubed

Oil is the world currency, and even better, it has some practical use beside decoration.


40 posted on 01/31/2008 1:10:04 PM PST by RightWhale (oil--the world currency)
[ Post Reply | Private Reply | To 38 | View Replies]

To: shrinkermd

Considering supply/demand, the thing to remember is that for the most part, all of the gold ever mined in history is still here.


41 posted on 01/31/2008 1:10:33 PM PST by Mark (REMEMBER: Mean spirited, angry remarks against my postings won't feed even one hungry child.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: shrinkermd
Is Gold Being Manipulated?

Does Hillary Clinton lie?.........

The gold market has always been manipulated. Don't be naive.

FMCDH(BITS)

42 posted on 01/31/2008 1:10:41 PM PST by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
[ Post Reply | Private Reply | To 1 | View Replies]

To: chopperman

Bling—the highest and best use


43 posted on 01/31/2008 1:13:08 PM PST by RightWhale (oil--the world currency)
[ Post Reply | Private Reply | To 39 | View Replies]

To: Mark

Yes. Another thing is that seawater contains gold, a small fraction of the mineral content in there with the salt. All the gold in all the oceans would add up to about a cubic mile if it could be extracted. How much might be in the earth itself might scare even Michael Savage.


44 posted on 01/31/2008 1:21:41 PM PST by RightWhale (oil--the world currency)
[ Post Reply | Private Reply | To 41 | View Replies]

To: Constitution Day

What’s the story on this scumbag? Is that tattooed on his face? I can’t recall.


45 posted on 01/31/2008 1:22:00 PM PST by tom paine 2
[ Post Reply | Private Reply | To 2 | View Replies]

To: tom paine 2

He was getting high on the fumes from gold paint, as I recall.


46 posted on 01/31/2008 1:27:37 PM PST by Constitution Day (Ray Smuckles for President)
[ Post Reply | Private Reply | To 45 | View Replies]

To: shrinkermd

I am opting for paranoid fantasy. I am sure there is NO CONNECTION WHATSOEVER, but the radio station I listen to has been running a heavy schedule of those “buy gold now before it’s too late” ads this week. I think everyone should own some gold, but there are so many other God-awful things going on in the world that I think this one is being drummed up.


47 posted on 01/31/2008 1:33:35 PM PST by 3AngelaD (They screwed up their own countries so bad they had to leave, and now they're here screwing up ours)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Constitution Day; dighton; Tijeras_Slim; Petronski
Photobucket

Aw heck yeah.

48 posted on 01/31/2008 1:35:11 PM PST by martin_fierro (< |:)~)
[ Post Reply | Private Reply | To 2 | View Replies]

To: martin_fierro
(stupefaction concerning the power of gold and other things)
49 posted on 01/31/2008 10:45:18 PM PST by dighton
[ Post Reply | Private Reply | To 48 | View Replies]

To: shrinkermd
Re: Is Gold Being Manipulated?

Of course not... and oil is not either.

{kaaaaaaawhappppp!} sound of reality hitting home

As I... was saying--

50 posted on 01/31/2008 10:49:07 PM PST by Bender2 ("I've got a twisted sense of humor, and everything amuses me." RAH Beyond this Horizon)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-56 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson