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The Hows and Whys of Gold Price Manipulation
http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/ ^ | January 17, 2014 | Paul Craig Roberts and Dave Kranzler

Posted on 01/20/2014 3:27:38 AM PST by nathanbedford

The evidence of gold price manipulation is clear. In this article we present evidence and describe the process.

What we are witnessing is our central bank pulling out all stops on integrity and lawfulness in order to serve a small handful of banks that financial deregulation allowed to become “too big to fail” at the expense of our economy and our currency. When the Fed runs out of gold to borrow, to rehypothecate, and to loot from ETFs, the Fed will have to abandon QE or the US dollar will collapse and with it Washington’s power to exercise hegemony over the world.

(Excerpt) Read more at paulcraigroberts.org ...


TOPICS: Business/Economy; Constitution/Conservatism
KEYWORDS: goldfed
This is an article which deserves reading and compels rereading by every aware conservative. I cannot vouch for the article, I cannot endorse the authors' assertions concerning the motives of the central bankers in manipulating the gold markets or even the fact that the markets have been manipulated.

I can confirm that the authors have made a compelling case and I find no factual errors in the article. I am not happy with the initial assertions about the failure of government oversight but the rest of the article, to the best of my knowledge, stands up.

This is an article which deserves reading and compels rereading by every aware conservative. I cannot vouch for the article, I cannot endorse the authors' assertions concerning the motives of the central bankers in manipulating the gold markets or even the fact that the markets have been manipulated.

I can confirm that the authors have made a compelling case and I find no factual errors in the article. I am not happy with the initial assertions about the failure of government oversight but the rest of the article, to the best of my knowledge, stands up.

The article is not long, it is exactly as long as the authors concluded they needed to make their point. The point, if one accepts their scholarship, is that the world economic system is clearly at an inflection point and the prospects are truly frightening.


1 posted on 01/20/2014 3:27:40 AM PST by nathanbedford
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To: nathanbedford
Sorry for the inadvertent repetition in the first reply.


2 posted on 01/20/2014 3:31:39 AM PST by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: nathanbedford
That's OK
That's OK
That's OK

3 posted on 01/20/2014 3:34:21 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: knarf
Agree
Agree
Agree. . . . . .
4 posted on 01/20/2014 3:49:31 AM PST by DeaconRed (GOD: Please send us one more Ronald Reagan. Soon. Thanks Deacon Red. PS It ain't Christie. . .)
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To: knarf
As WC Fields said,

Pardon my redundancy.


5 posted on 01/20/2014 4:01:21 AM PST by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: nathanbedford
Ah yess, yesss ...

Anyone that hates little boys and dogs can't be all bad,

noooo

6 posted on 01/20/2014 4:07:02 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: nathanbedford

When the SHTF and these countries demand their gold , that the Fed no longer has, the government confiscates civilian holdings of gold.
Oh wait, this has been done before.
Will we sit back and take it? Or will the revolution begin?


7 posted on 01/20/2014 4:21:53 AM PST by lucky american (The Democrats will follow the big "D"even if it means going over a cliff.)
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To: lucky american
the government confiscates civilian holdings of gold.

They will do more than that. The collapse will be so vast and deep that they will seize IRAs and other assets. If people don't think that is going to happen, they are deceiving themselves.

The financial collapse atmosphere will be on of absolute panic. This will be used to their advantage. They will issue worthless "bonds" in exchange for your IRAs and other assets, including the precious metals that will now be illegal to own. They will make examples of those who resist (just like they did during the 1930s). There will be prominent arrests of people who thought their gold was securing in safe deposit boxes. With Federal agents standing around and the cameras rolling, they will open these, and there will be arrests.

The government knows exactly where your assets are, because they force you to declare them. The know how much is in your IRA. Count on it.

8 posted on 01/20/2014 4:44:53 AM PST by SkyPilot
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To: nathanbedford

The authors need to separate and clearly label what is known fact and what is their speculation.


9 posted on 01/20/2014 4:45:05 AM PST by palmer (Obama = Carter + affirmative action)
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To: lucky american

We will sit back and take it.


10 posted on 01/20/2014 6:05:41 AM PST by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
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To: nathanbedford

I made my first investment ever in a gold mining stock last week. Part of the reason being they were the worst performers of 2017 and 2013, down nearly 70%.

But a bigger reason is that we have a huge round number coming down the road no too far away, $20 TRILLION. Watch for the price of gold to move up once people realize that the problem’s of Greece, Portugal et al, along with the Debt of the USA, have not been fixed, but merely swept under the carpet.

Government can only fix prices for so long before reality takes over.


11 posted on 01/20/2014 6:28:48 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Red in Blue PA

2017=2012


12 posted on 01/20/2014 6:29:39 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: lucky american
the government confiscates civilian holdings of gold

I was kayaking out in the ocean the other day, using my gold as ballast, but a big wave capsized my boat, and now all my gold is in Davy Jones locker. Sniff : (

13 posted on 01/20/2014 7:09:45 AM PST by bkopto (Free men are not equal. Equal men are not free.)
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To: nathanbedford

So are the Germans upset that their gold is gone?


14 posted on 01/20/2014 7:11:15 AM PST by bkopto (Free men are not equal. Equal men are not free.)
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To: Red in Blue PA
I made my first investment ever in a gold mining stock last week

Let me suggest to you that you view this as a trade and not an investment. Big difference. The miners do not trade in context with the metal itself.

So, it may be a great move, but do not "set it and forget it" like you would for an investment.

15 posted on 01/20/2014 7:27:13 AM PST by Prov1322 (Enjoy my wife's incredible artwork at www.watercolorARTwork.com! (This space no longer for rent))
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To: bkopto
Many of my nearest neighbors are cows and they do not seem to be too upset about the gold problem nor do the farmers who tend to them here in Bavaria. If one considers that much of the QE2 went to German banks, one can understand this is really a cross-border phenomenon with bankers and elitists on one side and the low information voters on the other.


16 posted on 01/20/2014 7:30:58 AM PST by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: nathanbedford

Seems to me that if gold had any sort of intrinsic value or use for anything, it would be much harder for anybody to manipulate its price.


17 posted on 01/20/2014 8:08:02 AM PST by varmintman
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To: Prov1322

That is indeed my goal. I plan on holding this for 3 to 5 years and probably selling at 65+.


18 posted on 01/20/2014 9:14:52 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: nathanbedford
This is a well written article that lays out the facts for the uninitiated, but I've been reading about this for 10-15 years. The info is true, as far as I can tell, and the only thing that keeps the markets afloat is the ignorance of the general public, and the size of the pot that they started with. As I understand it, the last audit of the vaults at Fort Knox showed approx. 8600 tonnes. In 1972! The rumor is that if another audit were done today it would find many empty drawers, and some say they are all empty!

My thoughts are that when the Fed drives down prices, it's like a sale, so time to buy. $1250 gold is certainly cheaper than $1900, and in the quantities that I can afford, fit in my safety deposit box with no problem. No need to store in my boat...

19 posted on 01/20/2014 9:33:08 AM PST by Wingy
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To: varmintman
Seems to me that if gold had any sort of intrinsic value or use for anything, it would be much harder for anybody to manipulate its price.

Absolutely. Nobody has ever manipulated the price of oil, or corn, or sugar, or...

20 posted on 01/20/2014 10:17:17 AM PST by seowulf (Cogito cogito, ergo cogito sum. Cogito.---Ambrose Bierce)
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To: Red in Blue PA

I bought gold stocks (AUY, NGD, & HL) two years ago. Worst investments ever. They are beginning to slowly rebound but the 45 to 50% capital depreciation will take a long time to regain


21 posted on 01/20/2014 8:00:00 PM PST by STJPII
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To: Wingy

I moved gold for a few weeks at Fort Knox in the Summer of 1977 as part of an audit. Similar audits had been going on for the previous two years. I’m pretty sure the 1975 audit was the first one in quite a while, and I know the audits continued for at least a couple years after 1977.

I’m not sure where the 1972 number came from. My understanding was that the 1975 audit was the first one in some time.


22 posted on 01/20/2014 8:14:44 PM PST by FreedomPoster (Islam delenda est)
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To: varmintman

Besides its uses in plating high end electronics contacts, women like jewelry made of it. That is a significant intrinsic value.


23 posted on 01/20/2014 8:16:51 PM PST by FreedomPoster (Islam delenda est)
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To: jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Gold bug ping.


24 posted on 01/20/2014 8:26:12 PM PST by Jet Jaguar
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To: FreedomPoster
The uses don't begin to justify its price and there are other things you can make connectors and rings out of.

There is in fact one use for which gold would be the ultimate perfect metal and for which nothing else would do as good a job: soft, totally inert, and half again denser than lead, it would be the absolute perfect metal for waterfowl shot. You could kill ducks and geese all day long with 2.75" shells and #7 shot. You'd have to alloy it with something a bit harder to let it withstand the acceleration without deforming.

25 posted on 01/20/2014 9:12:12 PM PST by varmintman
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To: varmintman
Silver certainly has plenty of industrial uses, about 40% or more of it goes into everything from computers to teeth, and yet it tracks the price of gold.

Actually, I think that if gold had only "intrinsic" value it would be more difficult to manipulate as the economic cost of using the gold rises the demand slackens but with gold regarded by much of the world especially in places like India to be not only the ultimate repository of value but the only safe place besides jewels, the demand is inflexible to a great degree. One would think the opposite should be the case with intrinsic needs being less flexible than sentiment but apparently not.


26 posted on 01/20/2014 10:31:24 PM PST by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: nathanbedford

The value of gold is mainly based on psychology and psychiatry, and not on economics or physics.


27 posted on 01/21/2014 1:48:43 AM PST by varmintman
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To: varmintman
The value of gold is mainly based on psychology and psychiatry, and not on economics or physics.

Do you mean like paper fiat currency? Can you a provide a link for that claim?
28 posted on 01/21/2014 1:51:42 AM PST by PA Engineer (Liberate America from the Occupation Media.)
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To: varmintman
In the factory we make cosmetics, at the counter we sell hope.

… Charles Revson, founder of Revlon Cosmetics.

The elements of human nature at greater or lesser degree go into establishing every market and the value of every product, that is part of what makes economics the "dismal" science.


29 posted on 01/21/2014 4:02:36 AM PST by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: STJPII

Gold mining stocks were the worst performing investment in 2013, and even part of 2012. Buy low, sell high, hence me looking at them. Down 70%.....unless they are going to zero, there is a great investment to be made somewhere down here. I started nibbling.


30 posted on 01/21/2014 5:32:51 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: varmintman
The value of gold is mainly based on psychology and psychiatry, and not on economics or physics.

That is utter nonsense. Gold is used in electronics and jewelry, among other things. It has a use and a value much the same oil does. Or do you think the price(value) of oil is purely psychological too?
31 posted on 01/21/2014 5:34:57 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Red in Blue PA

When you don’t understand the context of a conversation, there is always the option of remaining silent and not looking stupid.


32 posted on 01/21/2014 7:02:36 AM PST by varmintman
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