Banker Manipulation Of Gold And Silver Prices Further Exposed

Demand not being met, price being kept down to stave off flight from paper and debt

Steve Watson
Infowars.net
Tuesday, Nov 18, 2008

Banker Manipulation Of Gold And Silver Prices Further Exposed 181108gold Commodities experts are in agreement that the price of gold and silver is being manipulated by bankers and government officials in order to halt a mass abandonment of paper currencies and the debt based economy.

The New York Post today carries a column by John Crudele declaring that there is a global run on gold coins and that demand is not being met by government mints.

“The price that the government charges coin dealers has recently been increased by as much as 10 percent for a 10-ounce coin.” Crudele comments, also pointing out that gold purchases that were easily filled immediately six months ago are now subject to two week waiting periods.

“There’s another more puzzling aspect to the recent gold rush.” Crudele writes, referring to the fact that the market price of gold is declining, despite the increase in demand.

Crudele quotes Bill Murphy, chairman of the Gold Anti-Trust Action Committee who states:

“Gold should be moving up… How could there be such a dichotomy between the historic high premium for coins all over the world and the low Comex price?”

Figures released by the Labor Department today show that prices of gold and silver tumbled in October by the most on record, with the gold price heading for its first annual decline in eight years.

Gold futures for December delivery declined $7.20, or 1 percent, to $734.80 an ounce at 9:33 a.m. on the Comex division of the New York Mercantile Exchange. Silver futures for December delivery dropped 4.5 cents, or 0.5 percent, to $9.285 an ounce.

Reports are attributing this to a dampening of inflation concerns, however Bill Murphy maintains that “the US government and the banks that hold bullion are intentionally keeping the price down.”

(ARTICLE CONTINUES BELOW)

Murphy and the GATA has been attempting to expose the blatant manipulation for a number of years now. “The gold market is managed by certain central banks and their agents, the bullion banks” he wrote in 2005. “It is a price-fixing case involving some very powerful people and institutions … in fact it is a Gold Cartel.”

Murphy and others have revealed how the IMF and the central banks have sought to suppress the gold price over the last 10 years in order to maintain their monopoly over an economy based on debt and fiat paper currencies.

We have previously reported on how the official COMEX gold future numbers are completely divorced from reality and banker manipulation is rife.

Recently, influential private investment advisor Martin Hennecke echoed these sentiments declaring that the anomalous price trends were partly a result of temporary deleveraging as well as, “manipulation as the central bankers and the politicians don’t want you to panic out of their debt and go into gold.”

Hennecke and other investors such as Jim Rogers have predicted that gold prices will explode towards $2,000 an ounce with future hyperinflation resulting from the global central banks’ insistence on printing their way out of economic turmoil.

Last week more evidence of the manipulation of precious metals emerged with Silver market analyst Ted Butler obtaining a letter from the U.S. Commodity Futures Trading Commission to U.S. Rep. Gary G. Miller, Republican of California. The letter virtually confirmed Butler’s speculation in September that the smashing of the silver price this year involved JPMorganChase’s takeover of Bear Stearns in March.

Butler writes:

“Bear Stearns held the largest concentrated short position in COMEX silver (and gold) futures at the time of its forced merger with JP Morgan in March. That position was not discovered until the publishing of the August Bank Participation Report followed by the October 8 letter from the CFTC to Congressman Miller. Furthermore, Bear Stearns had no legitimate backing to the short silver position, either in actual metal or cash. Otherwise it could have been delivered against or bought back, just as would have happened were it a long position.

“The price of silver at the time of Bear Stearns implosion was $20 to $21 an ounce. A free-market covering of a concentrated short position of this size would have driven silver prices to the $50 or $100 level and would have exposed the long-term manipulation. Rather than let the free market deal with the required short covering of such an uneconomic and unbacked short position, government authorities arranged to have the short position transferred to JP Morgan. This was undertaken by the U.S. Treasury Department, along with taxpayer guarantees against loss to Morgan worth billions of dollars. This was done, no doubt, to save the financial system from imploding. This was also patently illegal, as it aided and abetted the silver manipulation.”

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34 Responses to “Banker Manipulation Of Gold And Silver Prices Further Exposed”

Tod G Says:
November 18th, 2008 at 12:29 pm
Let me state this again, because these articles keep coming up. The intrinsic value of gold over time holds to a median of $400-$500 in 2007 dollars. You are measuring gold in dollars. The value of a dollar is not static, and it has risen sharply since March 2008. In fact it has retraced two years of decline. This is why gold is dropping in price IN DOLLARS. If you are attempting to purchase gold for over the amount I’ve quoted, and now that value would be somewhat less in current dollars, you will lose money on average over time. Buy UNDER the average or near it and you are safe.
"C" Says:
November 18th, 2008 at 12:45 pm
The gov. of the USA confiscated all of private gold in 1933! Why? Gold has value as nothing else on earth [says the rich and powerful].
The rich and power hugery love gold. It does not matter what the cost in dollars is…they want the gold.

(..i say buy some, so they can’t have it! and if they try another 1933? it won’t work this time!)
Joe in JT Says:
November 18th, 2008 at 1:07 pm
As the old saying goes “an ounce of gold will always equal the cost of a fine suit”! Unfortunately today that fine suit is at the 75% OFF rack at Wal-Mart.
rich Says:
November 18th, 2008 at 1:20 pm
in bernake’s responce to ron paul he hinted about banks going to sell gold (i guess on the open market) ??????????????????

http://www.youtube.com/profile.....iew=videos

goldieshouse.piczo.com
Megathrust Says:
November 18th, 2008 at 1:57 pm
Response to Tod:

The whole point is that gold holds it’s intrinsic value. Inflation of the supply of dollars is the cause which should effect the value going up. Also the reason the stock market should rise but since it hasn’t we are losing even more than the numbers suggest. Tanking the dollar means gold is a good investment. Something to keep your property from being taken from you. How do you suggest anyone buy under the average when the actual state of inflation is hidden? The broadest report on money supply has been stopped.

The Federal Reserve previously published data on three monetary aggregates, but on 10 November 2005 announced that as of 23 March 2006, it would cease publication of M3.
Andy Says:
November 18th, 2008 at 2:26 pm
1oz of physical silver on ebay goes for around $15. That’s a 50% markup over spot!
sharper Says:
November 18th, 2008 at 2:40 pm
ExposingChristianity.com
The pen is mightier than the sword.

Everything in Christianity has been stolen from religions predating it by hundreds to thousands of years.
Steve Murzin Says:
November 18th, 2008 at 3:24 pm
Megathrust: During the depression, didn’t the Feds make it illegal to own gold bullion and/or coins? How can we be safe owning gold if it can be taken at any time?
newfy777 Says:
November 18th, 2008 at 3:55 pm
how can you afford NOT to own gold and silver?the government can come and take ANYTHING you own now.so why just worry only about POSSIBLE[unlikely IMO] gold confiscation?.LEGALLY! when and if they come for it, you simply hide it..put it in a hole in the ground if you have to..simple as that..again big brother can take your house if they want to..your car.your bank account..owning gold is safer than having a bank account nowadays..the IRS can trump up back owed tax money if they want/wish..they do it all the time..you gotta get and have PHYSICAL gold and silver..right now,while the paper prices are still artificially dirt cheap[on Comex] and there is still a little physical bullion out there for sale..no paper ETF gold and silver..ONLY PHYSICAL OWNERSHIP!
newfy777 Says:
November 18th, 2008 at 4:06 pm
imagine how much easier it would be for them to confiscate electronic paper gold than to confiscate physical gold from millions of households…even if they confiscated all the private gold out there in America to pay the trillions and trillions of debt we owe,it wouldn’t come close to paying even a fraction of the debt America owes the private banksters… another thing is only about 1-2% of the U.S. population even owns gold or silver..it just wouldn’t make sense/realistic for the government to come for that small amount it..the money the gov. would have to spend to do a national confiscation would be astronomical as well
mr_bad Says:
November 18th, 2008 at 4:13 pm
Well, my gut tells me things are definitely being manipulated. The markets have much further to go down. Right now, they’re being held up until January when Barack takes office because they don’t want to blame the total collapse on Bush. It’s meant to be spread around from puppet to puppet.

When the total collapse does happen, gold will likely shoot up to $2000 an ounce and oil will also shoot back up over $100.

Mass chaos will ensue.
Social Viability Says:
November 18th, 2008 at 4:47 pm
Money is a unit of measurement of commercial value.

The value of the dollar – which is merely a unit of measurement – changes on the currency trading markets on a daily basis. It is constantly changing with inflation and subject to all manner of manipulation and market volatility.

Imagine if the inches and feet that builders use as units of measurement changed every day. The integrity of our modern structures would be doomed. Similarly, the integrity of our modern economies are doomed, thanks in no small part to using currencies that have no defined value and constantly change. Our economies will never be stable with idiotic mechanisms such as this.

Click the link below to explore a new inflation-proof currency, new economic format and new social structure that leaves the criminal bankers and corrupt politicians out of the picture altogether.

Don’t fight the system:
Replace it
http://socialviability.com/
planning4acrash Says:
November 18th, 2008 at 4:54 pm
The European Union has set up a register for those who buy gold. Wonder why?!?! BUY WITH CASH if you can, at least for a percentage of purchases.
mythicshadow Says:
November 18th, 2008 at 6:02 pm
http://ca.youtube.com/watch?v=bh43hMPb2Ms
teoui Says:
November 18th, 2008 at 7:38 pm
i wonder about this report that bear stearns was short silver and thus had to be saved by JP Morgan. My understanding is that Bear Stearns unforgiveable affront to JP
teoui Says:
November 18th, 2008 at 7:41 pm
My understanding was that Bear Stearns was a threat to other Wall Street firms because it was taking up the long end of the silver and gold contracts and therefore had to be taken out to reduce the overwhelming short exposure of JP Morgan and others who had been shorting precious metals for years to no avail. it was they who were in danger and eliminating Bear Stearns was the cure.
pissed in canada Says:
November 18th, 2008 at 8:05 pm
to #11

I partially agree, i actually think however that regardless of economic outcome when Obamasiah takes power, he will be popular none the less. The reason why this was set in motion (sept 15th 2001, bush and company start 0$ down subprime mortgage) and is ending by collapse right at the end of Bush’s term, is that now Obamasiah is completely absolved from any wrong doing, they will claim that he just happened to come into power during a shit storm. The people will love him and this will allow him to make even bolder incursions on the american people and the constitution. And they will love him for it. Bsically Bush’s term will end and all will blame the republicans for the current downfall, then swoops in the savior, after a short period of total despair (depression) they will unvail their restart either a NAU or NWO (hard to say if this is just another step or the final straw). None the less their is about to be a great trial on the people of the earth, in the next year. Either a false flag OP dwarfing 9/11 or a world wide depression.

When they offer the solution people will run to them. They will take everything away then offer it back to us under “certain condition”, you gotta submit to their game. That is why society is doomed, our depency on electricity, food supplies and our complete seperation from the “old ways” of life will be our undoing. This being said, prepare people!!!
teoui Says:
November 18th, 2008 at 9:35 pm
A persuasive analysis of how BSC was very long gold contracts and how JPM and their allies took out this nonconforming threat in the financial sector appears here:

http://www.marketoracle.co.uk/Article6724.html

Frankly, I accept the manipulation thesis readily, but I find Ted Butler’s analysis illogical. According to his assumptions BSC silver positions were consistent with theirs. Rather than being a threat to the supporters of the fed, such an assumption provides no motive for the destruction of BSC. Their long position in gold provided a huge motive to take BSC down.
Mark Says:
November 18th, 2008 at 10:26 pm
Listen to bernanke and Ron Paul on the video above this one. At the end Bernanke said the central banks plan on selling gold! Its pure manipulation so don’t fall for it.
D Miller Says:
November 19th, 2008 at 12:02 am
They’re doing this so Americans can buy gold and silver, and when the currency changes to something else, America can retain it’s value by having actual bullion when everyone else has dollars.
anton alfred newcombe fjordson Says:
November 19th, 2008 at 1:56 am
you do know you are a fucking fool if you think that by buying a few gold coins and burying them in your backyard will give you a get out of jail free card as thing turn grim…..

don’t you?
planning4acrash Says:
November 19th, 2008 at 2:47 am
What You Should Know About Inflation - Henry Hazlitt - Mises Institute:

http://www.google.com/search?h.....tnG=Search
Mohammed AL-Saedi Says:
November 19th, 2008 at 7:54 am
Neo conservatives are driving this world to the bankruptcy for their interests, they want to take everythings even the gold. They must be exposed and when the public learn about them, the public will go after them and bring them to the justice.
Superfarmer Says:
November 19th, 2008 at 9:19 am
Amen to “pissed in canada”. The consequences of a total colapse are horrific. Just supose 275 million starving, pissed off humans live within an eight hour drive of your farm. All food sources will be looted within days. Young men will kill to save their families. There will be total anarchy. We should all hope the financial elite have enough liquidity and the balls to keep the shitstem afloat. The alternative is unthinkable.

Superfarmer
Special this week. Eggs, $500.00 each, potatoes, $100.00 each
Soylent Green Anyone?
FiatCrusher Says:
November 19th, 2008 at 9:50 pm
Gold-(The ancient metal of kings ) has been the ultimate currency since the dawn of mankind. It will be the the only currency to survive this global systemic meltdown that we are only at the very beginning of. Once the current rally in the U.S. dollar changes course, Gold’s current downtrend will reverse, and reverse hard. With physical gold in hand, you have a much better chance at survival to buy food and shelter anywhere in the world, than you will without it. People have to understand that what we call and use for money today is bullshit. It’s debt, not money, it has absolutely no intrinsic value what’s soever, and we could all wake-up tomorrow totally broke, due to currency collapse.(Argentina,Iceland) Gold is rising in value against most currencies right now and has been for several years. Who cares what the U.S. dollar price tag on it is right now, I wouldn’t want to be without it. All fiat currency in history has been inflated away to zero value, and the mighty U.S. buck will be no exception. Without physical gold, you are very vulnerable for total financial ruin. You can not manipulate the price of anything that wants to go in the opposite direction for very long. Just like the plunge protection team will not be able to keep the bottom from falling out of global stock markets, they cannot keep the price of gold contained.
BobbieJo Says:
November 20th, 2008 at 4:56 am
I live in a Southern state where a whopping large percent of people get an SSI check every month, while they stay stoned all day and night through prescription medications. Can you imagine what kind of scenerio could happen when or if they loose their checks every month and benefits?
I have a sister in law who lives in the next county and never has enough money to buy a package of socks, but she always has plenty of pain pills and xanax and money for four wheelers. Imagine that.
Nevertheless…these kind of people are the ones that would “whack” out first and try to steal your supplies. They are so addicted to pills they don’t care about anyone or anything else.
Has anyone addressed the issue of people on SSI loosing their checks when the depression is in full swing?
I would make certain your supplies are hidden well and to stay alert. When the time comes we have decided to take shifts on sleeping, so someone can be on the watch around the clock. We pretty much do that now, although the only stray we have seen is the bobcat or mountain lion as of yet.
I listen to Alex on the shortwave when I am up all night making soap and butter and canning food. Always something to do. One can never prepare to much, including buying gold and silver. Am a firm believer in this also.
Time to milk the cows and get the eggs. God help us all.
Dinlo Chavo Says:
November 20th, 2008 at 3:46 pm
Paper money: the biggest con job of all time. There’s nothing new here. This was written 200 years ago, and we’re still being suckered.

http://www.archive.org/details.....00cobbrich
Anonymous Says:
November 22nd, 2008 at 9:45 pm
F@ck gold and silver.
You cannot eat it.
When the crap hits the fan nobody will have the resources to give you for your gold and solver cause they will know what i just told you…….
You cannot eat gold and silver.

Invest in camping gear,food,instant drinks,powdered drinks,powdered milk,soap,shampoo,STOCK UP FOR GODS SAKE !!!!!!!! .
Nobody will barter with you.Nobody will share the food they have cause you CANNOT eat gold and silver.
Howard Long, family doctor Says:
November 24th, 2008 at 5:50 pm
Look around you. Obesity is the major health problem in the USA today.
I see no one undernourished or overexercised. Thank God we have so much more than our grandparents. Do you know anyone without food, clothing, housing, transport (cars/horses), communication (phones!), entertainment (TV!), servants (dishwashers, clotheswashers, etc)?

Pilgrims starved, when they “spread the wealth around”.
When they permitted private property, there was plenty for Thanksgiving!

God blesses, when we don’t “spread the wealth around” with regulation and taxes.
wiseguy Says:
November 24th, 2008 at 8:19 pm
Indeed some of the stupidest people have the most “education”. And you should no better- that the main reasons for obesity is eating the wrong things (with all the addicting chemicals) and not having an abundance of good food.

What a pile of ignorant rubbish that “God blesses when we don’t spread the wealth around”. Do you have idea the magnitude of suffering of this world due to the domination of central banks which control the vast majority of the wealth? Do you know how our world banking system works? Watch this : video.google.com/videoplay?docid=-9050474362583451279
Unknown Truth Says:
November 25th, 2008 at 10:34 am
I’m not an economist or stock player…but this sounds like some BullSheet!
Denzil Says:
November 26th, 2008 at 3:37 am
How much money are these people making from this range bound senario.
The bailout money with leverage must be cleaning up.
No wonder we dont know where this money is going.

HAVE WE BECOME A BUSTED BROKER OF LAST RESORT?
A moron can make money when markets are manipulated.
jimmy schlitz Says:
December 10th, 2008 at 5:56 am
according to many articles on internet the gold will be confiscated soon, as it was confiscated in 1933.

did i understand correctly?

jimmyschlitz@googlemail.com
Rick Says:
January 4th, 2009 at 10:39 pm
I don`t think people will give it up this time if the try to confiscate this time

Banker Manipulation Of Gold And Silver Prices Further Exposed

34 Responses to “Banker Manipulation Of Gold And Silver Prices Further Exposed”

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