I think it's a fairly well known fact that gold is being artificially deflated, as well as silver. Imagine this, silver is used at a 1:1 ratio in industry, to gold, there is less silver in the world than there is gold, over 40% of the silver that is used in industry, comes from recycle sources, and yet silver is less than $30 USD per ounce?
All we have to do is to look to those people who have the largest investments in gold, those are the only people who could realistically manipulate and devalue gold. Then watch when they purchase gold, so the price is deflated, gold is purchased in large quantities which drives the price up, then it's devalued again.
All it would take is for the US to sell our gold stocks on the European market, the gold would never have to leave Fort Knox. The US Government could sell and buy as required to artificially deflate or inflate gold prices at will, which in turn affects the entire worlds economy.
I think this is more about manipulating all currency of the world. Gold might not be what backs currency, but it is certainly what puts people's faith in our economy. Gold has always been a standard, regardless if paper money is backed by it or not.
Lately, I have been purchasing as much as possible by trading silver and gold for goods and services. I get a far better price than if I spent cash, and the people I make payment to seem much happier. If more people would exchange precious metals for goods and services then what those precious metals are worth would fall back under the control of a free market, instead of being manipulated by governments, banking institutions and the ultra 1% rich.
Scott
Bookmarks