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Everything You Need to Know About Gold and Silver
If I had to condense everything I’ve ever sought to convey about gold and silver into one quick article, it would look something like this.
The game is rigged
I have watched the daily dynamics of gold and silver with uninterrupted focus for nearly a decade, and the one overarching conclusion I have personally drawn with the greatest degree of certainty is that the gold and silver markets have been systematically and intentionally manipulated by too-big-to-jail financial interests. CFTC Commissioner Bart Chilton has himself declared that “there have been fraudulent efforts to persuade and deviously control” the price of silver. Now, after dragging its heels for more than four years with its investigation of misconduct in the silver market, the CFTC is reportedly examining whether banks have colluded to manipulate gold prices.
A word to the wise: Don’t hold your breath awaiting some consequential outcome here. In an age when an Assistant Attorney General to these United States can be heard conceding that “the entire banking system would have been destabilized” if the Justice Department had brought criminal charges against HSBC for laundering money for drug cartels and terrorists, we mustn’t remain so naïve as to presume that truth, transparency, or justice will prevail in this deeply compromised financial system of ours. What gold and silver investors can do, meanwhile, is ensure that they do not select investment vehicles for gold or silver where these major banks are the declared “custodians” of reported physical bullion holdings. For the record, HSBC is the custodian for reported gold holdings of the SPDR Gold Trust (NYSEMKT: GLD ) , while JPMorgan Chase is custodian for the iShares Silver Trust (NYSEMKT: SLV ) .
Read More: http://www.stockgoldmarket.com/everything-you-need-to-know-about-gold-and-silver
