Proof Banks are Manipulating Gold and Silver Prices

You’ve heard stories of large banks manipulating gold and silver prices down.  Well, to a large extent they’re true.  Many fraudulent schemes have recently been exposed and admitted while regulators jawbone about reforms.  The worst manipulation — orchestrated by the U.S. government — is still ongoing.

Gold and silver prices are forced artificially low to create the illusion that metals have little value… and the volatility scares off new buyers. The U.S. government and its allies on Wall Street play this dangerous game to engineer artificial confidence in the dollar.

In past years, governments and central banks depressed gold and silver prices by sending massive amounts of physical metal to market.  This current scheme also floods the market with gold and silver, but most of it does not exist.  It’s just a gold and silver mirage based on paper contracts.  Bullion banks are government’s complicit brokers, selling their mix of real physical and pretend paper through contracted futures, options, and exchange traded funds. Banks still put a few bars of real gold and silver in the showroom window, but cram the warehouse with paper promises stacked to the rafters, which banks know they can never deliver.

The leverage in precious metals is even more extreme than our fractional reserve banking system. Testimony in federal hearings in 2010 confirmed only one ounce of real gold exists for every hundred ounces of paper offered for sale. The silver market operates in the same way.

If you sold imaginary metal, you would be prosecuted.  The government exempts itself and its banker friends from our laws. READ MORE

By Guy Christopher