If the gold market is manipulated.......

Then why wouldn't they crush prices. Use the public money, mutual funds, government controlled public monies to sell down these assets so they can scoop them up for pennies with there own money. Thats what I would do if I was able. We may live to see this kind of action. It's such a small market as compared to all the others. If it becomes a foregone conclusion that the financial system is headed for extinction, this would be a viable premise. I suspect something like this occured in England. The government sold out a substancial gold holding to some LUCKY DUCK. I really would love to know who acquired that huge chunk of gold basically at the bottom.

The Swiss may have acquired much of the Brit sale ( matching changes in holdings). It was just amazing and never has been explained. You probably want only sufficient gold/silver to avoid a wipe-out in a currency failure, or hyperinflation. Is that your goal? Any other large scale move in PM is too risky for most traders. PM trade on different events than other equities (which is their value v. other equities); PMs are Manipulated by Large Traders who hedge heavily against their whole portfolio. John Paulson uses gold as his deep stake against a wipe out such as he has experienced recently when he sold large holdings in GLD (~ $5 billion) while recovering from some unfortunate holdings in other commodities. My guess but widely held. My silver holdings are for just the contingencies mentioned. Best, Islander

Edited by Islander, 09 August 2012 - 12:31 PM.

Dan Norcini explains gold market manipulation: Saturday, August 4, 2012 Gold and Silver Continue Marking Time

You will need to scroll down the page to locate.

there is alot of info in this piece
http://www.youtube.c...eature=youtu.be
well worth the listen


dharma

Then why wouldn't they crush prices. Use the public money, mutual funds, government controlled public monies to sell down these assets so they can scoop them up for pennies with there own money. Thats what I would do if I was able. We may live to see this kind of action. It's such a small market as compared to all the others. If it becomes a foregone conclusion that the financial system is headed for extinction, this would be a viable premise. I suspect something like this occured in England. The government sold out a substancial gold holding to some LUCKY DUCK. I really would love to know who acquired that huge chunk of gold basically at the bottom.

Up to now, 'they' do not wish to really crush Gold, even if they could, because this would smell deflation which they don't want now. They want the paper money competitor, confined within a range. For how long they will be successful, who knows?

-tria

Can anyone explain why the World would come to an end if Gold went to $30K an ounce? How would this effect anything besides the price of gold itself? Since it isn't tied to anything. This seems to be a false perception. I think if gold goes up nothing changes. It's like Honus Wagner cards being worth $4 mil. Or high end art going for Millions. Changes nothing in the real world. Except maybe the price of cell phone components increases or jewelry prices go up. Hyper inflation will not be CAUSED by the price of Gold going up. If its the case that the Powers that be want to manage perception by keeping the gold price down then, I think there next move will be to announce selling some of the 8000 or so tonnes of gold it holds. This type of announcement would send the price of gold reeling down. I can understand the goal of the Fed or whoever may be to drive all investable assets toward stocks or Real Estsate to force prices upward. This is the only concept that makes sense to me. Take away any alternative investments. Bonds are basically off the table. So, what really are the choices. So, perhaps taking away the metals by selling in quantity might detract from this sector. But, imo since the metals is such a small piece of pie, this reasoning doesnt make alot of sense to me. So, if anyone else can explain the connection? does Gold have any tie to inflation or hyperinflation? I don't see it.