Western paper markets manipulate gold prices lower as China takes the real stuff off the market.

It’s not uncommon for the large Wall Street banks to combine in shorting
an entire years supply of minded silver in a single day.The same goes for
all commodities.

Endless paper printing getting funneled to Wall Street has destroyed all
real price discovery. Capitalism fails to work when once section of people
are allowed to get access to free money at 0% rates then speculate on real
commodities.Not only do they get access to that $1 interest free USD but
they are allowed to create $9 more out of thin air in which to trade.
Companies like J.P. Morgan as reported by Bloomberg have been fined for
“Wash trades” where they are caught red-handed in manipulating markets.

Article here..

http://www.reuters.com/article/2012/06/01/us-jpmorgan-washtrades-cme
-idUSBRE8500WU20120601

Whats that mean for Gold? It means we don’t know the real price of
gold…until their is absolutely no physical gold for sale..any any price.

China is not stupid. As the West plays game with price manipulation they
continue to buy. Month after month…year after year….the purchased quantities
increase.

In May, imports by China from Hong Kong jumped sixfold to 75,635.7 kilograms
(75.6 metric tons) from a year earlier, Hong Kong government data showed.
The nation “remains the most important player on the global gold market,”
Commerzbank AG said in a report. The dollar fell from a five-week high
against a basket of currencies, boosting the appeal of the metal as an
alternative investment. “Higher physical demand in China is good news for
the market,” Sterling Smith, a commodity analyst at Citigroup Inc.’s
institutional client group in Chicago, said in a telephone interview.
“The mildly weak dollar is also positive.”

The World Gold Council has forecast that China will top India this year
as the world’s largestconsumer because rising incomes will bolster demand.

14 comments

  1. GOLD says:

    $2,500 by the end of 2012 on its way tp $24,000 by the end of 2021.If gold rose at the rate it did in the 1970s, it would rise well above $30,000 over the coming decade

  2. GOLD says:

    or $2,800 by the end of 2012 on its way tp $39,000 by the end of 2021.

  3. IAMSLATTERY says:

    And only Dan the Man will bring us the real deal when it comers to the most relevant of facts about money and where it is at today.

    Dan – UDAMAN!

  4. Mike says:

    Is the purchase of precious metal in China a hedge against their exposure to USD reserves or is it a move to (eventually) back their currency for a bid as the world’s reserve? Or, is it simply a sound investment strategy? How I wish I was a fly on the wall in some Beijing hallways.

  5. […] Western paper markets manipulate gold prices lower as China takes the real stuff off the market. […]

  6. GOLD says:

    Bohemian Grove: Orgy of Power for Global Satanic Ruling Elite!http://www.youtube.com/watch?v=FVtEvplXMLs&feature=player_embedded

  7. GOLD says:

    took more than 200 years for the U.S. national debt to reach 1 trillion dollars. In 1986, the U.S. national debt reached 2 trillion dollars. In 1992, the U.S. national debt reached 4 trillion dollars. In 2005, the U.S. national debt doubled again and reached 8 trillion dollars. Now the U.S. national debt is about to cross the 16 trillion dollar mark. How long can this kind of exponential growth go on?

    #2 If the average interest rate on U.S. government debt rises to just 7 percent, the U.S. government will find itself spending more than a trillion dollars per year just on interest on the national debt.

    #3 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.

    #4 Since Barack Obama entered the White House, the U.S. national debt has increased by an average of more than $64,000 per taxpayer.

    #5 Barack Obama will become the first president to run deficits of more than a trillion dollars during each of his first four years in office.

    #6 If you were alive when Jesus Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.

    #7 The U.S. national debt has increased by more than 1.6 trillion dollars since the Republicans took control of the U.S. House of Representatives. So far, this Congress has added more to the national debt than the first 97 Congresses combined.

    #8 During the Obama administration, the U.S. government has accumulated more new debt than it did from the time that George Washington became president to the time that Bill Clinton became president.

    #9 If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

    #10 As Bill Whittle has shown, you could take every single penny that every American earns above $250,000 and it would only fund about 38 percent of the federal budget.

    #11 Today, the government debt to GDP ratio in the United States is well over 100 percent.

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