China: Gold Price Decline Premeditated; US Has Started a Currency War

China Money Report ^ | 15 January 2014

[Publius]

An interesting article that points to James Rickards' book Currency Wars, and to his recent appearances on CNBC and Bloomberg TV.

[Balding_Eagle]

If the US is depressing gold prices, it’s as much to discredit Glenn Beck as anything.

[meatloaf]

This is news?

[Publius]

Most of know what is going on, but it’s the first time a major power has spoken up about it publicly.

[Jet Jaguar]

Goldbug ping.

[Publius]

You give Beck too much credit.

[Balding_Eagle]

Maybe, but a lot of people followed his advice.

[Publius]

Beck’s advice is good, but the major players in the financial world, to include the central banks, barely know he exists.

[Irenic]

it’s the first time a major power has spoken up about it publicly.

That's not a good sign, is it?

[Publius]

It means the scam is coming to an end. China is the one nation that could break it up, send the price of gold flying, and send the dollar into collapse.

[smoothsailing]

What about silver, is the situation the same as with gold?

[DanZ]

“Most of know what is going on, but it’s the first time a major power has spoken up about it publicly.”

You cannot be serious. We are in a recessionary/high debt situation/Deflationary state. Most commodities are down, gold included

[Blood of Tyrants]

It’s a commie plot, I tell ya.

[Publius]

Yes. Think of gold and silver as the inverse of the dollar.

[Publius]

The price of gold is rigged, and this article explains who and why.

[Irenic]

I think the jig is up but I don’t know much about these things. How long do you think or guesstimate it will take before it starts getting ugly?

[Publius]

I don’t know. Gerald Celente and Jim Willie think it’s this year. Fabio Calvo thinks it’s 2015 and 2016.

[Southack]

It’s an idiotic article. The U.S. wants a weak Dollar, not a strong one.

Weak Dollars buy more domestic goods and fewer imports.

[House Atreides]

“...The US owes Germany so much gold but instead of repaying immediately sets a 2020 deadline to return the gold.....”
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This assumes that the American banks are actually still in possession of all of Germany’s physical gold bullion. Some have questioned its physical presence or at least whether it is financially unencumbered as it should be.

[Irenic]

The UK is buying water cannons and something else over in Europe that I forget now. Are they going to have a mess before us? I think they are preparing for a mess.

Of the names you listed, who is right more of the time and any idea of Peter Shiff (sp?) predictions?