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
Sunday, September 29, 2013
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment