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The Goverment’s (Fed’s) War On Gold

Friday, May 16, 2014 14:16

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TND Guest Contributor: Dave Kranzler |

Michael Kosares of USA Gold – a Denver-based precious metals coin and bullion dealer – has written a must-read essay about the Fed’s war on the price of gold. Without question, the war has intensified amid rising doubts globally about the use of the dollar as the reserve currency. Not only has this war on gold intensified, it has become blatantly obvious to anyone with more than one brain cell in their head.

Please take the time read this in its entirety – it’s not long but it’s full of insight:

I can’t remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like ‘gold is my enemy, I’m always watching what gold is doing’, we need to think why he made a statement like that. If you’re a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy.  – Rick Santelli, CNBC

Here’s the rest: So How Goes The War On Gold?

There’s just no telling how much longer the Fed and its agent bullion banks can keep using paper to manipulate the price of gold and silver, but I believe the end is getting close. When the demand for deliverable physical gold/silver overruns the enormous paper short interest, the move up will redefine shock and awe.

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About Dave Kranzler

I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics. Occasionally, I publish on Seeking Alpha too.

As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.