By Mac Slavo
This article was written by Clint Siegner and originally published at Money Metals Exchange.
Editor’s Comment: For years, those close to gold and silver investing have understood the ongoing suppression. Having competing currencies and alternate stores of value invades upon the hegemony of the fiat currency system. With the set up of a futures market, the bankers could have it all – limit the physical holdings in gold, and collect money of the suckers in the bubble. Trading on 90%+ non-existent commodities, the financial markets did what they have done with other assets – make it difficult for outsiders to store value and get ahead.
In the long run, however, the fiat currency system is doomed to collapse, and those who are prepared will always have back-ups, fail-safes and other alternatives to turn to. With hard evidence of manipulation, perhaps prosecutions and regulation reforms could even peg gold back near reality sometime in the foreseeable future. What is today trading at $1191 may really be worth $3,000, $4,000 or $5,000 grand. The question is: who controls reality?
Gold Prices Are Being Hacked
by Clint Siegner
Major U.S. and international banks cheat their customers and rig markets. Revelations have been piling up since the 2008 financial crisis. Hundreds of billions have been paid in fines, penalties, and settlements. The fraud, price manipulation, lying, and theft – once considered conspiracy theories – are now incontrovertible conspiracy facts.
This reality is dawning now in the precious metals industry. GATA, the Gold Anti-Trust Action Committee, labored for years making the case for price manipulation in the markets. They, and others, made a powerful argument complete with price charts and trading patterns that simply could not be explained in free and fair markets.
But their argument was universally disregarded by regulators and largely ignored by major players inside Click to see the original article