Sunday, September 29, 2013

Poker End Game - JP Morgan, Fed, US Treasury, China & Gold

While this piece speculates about a conspiracy wrapped inside a conspiracy, I've always had my suspicions on who the price suppressors of gold and silver are.  The usual suspects are easy targets:  the Fed and other central planners want lower precious metals prices to mask their massive counterfeiting schemes globally.

But the Chinese have motives too:  they are accumulating gold in exchange for US Treasury bonds because they understand the USDollar will lose its reserve currency status soon, and the Chinese want the yen to have a seat at the global reserve currency table.  With gold-backing, the yuan strengthens its case substantially--as will the Russian ruble.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/9/30_Poker_End_Game_-_JP_Morgan%2C_Fed%2C_US_Treasury%2C_China_%26_Gold.html

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