The suppression/control of the gold market has been going on for a very long time. Physical gold selling ended with the Brown sale.
Gordon Brown sold the final significant amount and sealed his fate historically. Claim to fame was selling at the very bottom!
Stiff upper lip Brits'!!! Brown was an idiot.
The "achilles heel" of the entire plan is the Silver market.
The first week of Sept. the bullion banks increased their short position to 61,798 contracts (309 million oz's total, 256 million oz's from four major bullion banks). Every 10 cent increase in the silver price creates a paper loss of $25 million.
Paper is all the CB's have when it comes to silver.
They have NO physical silver!!!!!!
Wonder what will happen when the price continues to rise, and the shorts have to be covered?
Look at supply and demand figures....ETF holdings are suspect.
Demand IS outstripping supply.
Silver is the investment of a lifetime.
I have been following/investing in the G & S market for over 25 years Twilko.
This price GOLD/SILVER control has allowed a "FIAT" currency to exist LONG beyond normal. We ARE however in the death throws of that currency system now. Do not be fooled.
The appearance of deflation is coming from credit cycle unwinding in the last bubble. Inflation is being created at a MASSIVE scale.
Gold/Silver like the Canary senses that. The GOAL is to devalue.
Deflation is the "excuse" to proceed with the inflation(devaluation).
Any money not placed in G & S now, will essentially be lost forever.
IMO the best place to put your money is physical silver....or the companies that recover/mine same.
Think of it like this....Gold and Silver are not going up.
Your paper Dollars are going down. Trade them now for a real currency at their artificially low prices. These metals are on the extreme discount table now!