We have in a number of our postings said that the central banks cartel is manipulating the price of Gold. We believe the community that has done the best job in revealing the issue has to be GATA. If you don't know who they are, you have to see the videos we have included in Gold Rush 21.
However, we do like to make it clear that we are not a Gold Bug. We are long Gold not because we want to go against the central banks cartel; we do it because it makes sense for us to own Gold in the inflationary recession that we have been predicting all along. The manipulation by the central banks cartel has been going on for years and is not likely to end until they become a net buyer eventually. We urge Gold investors to have a strategy in place and to keep a long-term view on things. If you can't look beyond the manipulation and the volatility, it will not be a pleasant ride for you.
Again, what you want to do with your money and your wealth is YOUR choice. Please consult an investment advisor before making any investment decision.
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Related posts:
- Gold Rush 21
- Gold Price Manipulation by Central Banks
- Boon vs Robert Prechter, Part III
- Boon vs Robert Prechter, Part VI
- $3.2 Billion Loss to Shorting Crude!
- How Brown Sold at the Bottom
- What Does It take to Win *Consistently*?
- The Money Masters
- Money, Banking & The Fed
- Global Wealth Destruction
- Global Wealth Destruction, Part II
- To Jay
1 comments:
Here's another interesting video on the current state of the banks and the financial system :-
http://www.cnbc.com/id/15840232?video=808357964&play=1
Points to note :-
- Capital raised has been used so far to only plug holes. Equity is not used to fund any growth, hence less lending is available.
- House Prices continue to decline.
- When asked if LEH will survive, you get the most honest answer on MSM, "I don't know".
Another interesting article :-
Treasury adviser likely to get special status
http://www.ft.com/cms/s/0/2fefd508-5f33-11dd-91c0-000077b07658.html
Ken Wilson, the Goldman Sachs banker who is joining the US Treasury to help the country through the financial crisis, is expected to take a temporary post that will subject him to less stringent ethics rules than many other high-level officials.
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This economy will get worse due to the massive derivative debacle accelerated by the housing bust, things are just getting started.
The FED and Treasury are adamant not to let certain institutions 'fail' and will come out with more 'creative' measures to ensure this.
One outcome is most evident, whatever they do, it will most certainly involve increasing the money and credit supply. There is no other way to ensure the survival of these 'too big to fail' institutions.
We can draw our conclusions about the trend of more tangible assets such as gold and other commodities from this.
Thank you for a most informative blog.
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