It's Not A "Conspiracy Theory": Here's How Central Banks Actively Suppress The Price Of Gold

Snider is good on describing the mechanics of how the gold markets are manipulated, but he misses the mark on WHY their prices are suppressed.

https://www.zerohedge.com/news/2018-03-04/its-not-conspiracy-theory-heres-how-central-banks-actively-suppress-price-gold

Devastating Collapse Looms As India Sees The Price Of Gold Selling At A Jaw-Dropping $1,600 – $3,000

The official spot price of gold matters little (currently $1173/oz.).  The "unofficial" (i.e. black market) price of physical gold in India is between $1600 - $3000/oz.--if one can get it.  The Indian government's ban on cash is having unintended consequences, as do most artificial interventions by governments and treasuries.

http://kingworldnews.com/a-devastating-collapse-looms/

James Turk – The Price Of Gold Is Being Manhandled On The Comex But Here Is The Surprise

This is an easy-to-understand piece on how the bullion banks artificially suppress precious metals pricing by utilizing naked shorting of COMEX futures contracts.

The take away message is avoid paper markets.  Buy physical gold and silver.

http://kingworldnews.com/james-turk-the-price-of-gold-is-being-manhandled-on-the-comex-but-here-is-the-surprise/

China Launches Yuan Gold Fix To "Exert More Control Over Price Of Gold"

The train has left the station.  Gold and silver prices are soaring, probably due to the launching of the Shanghai Gold Exchange.

http://www.zerohedge.com/news/2016-04-19/china-launches-yuan-gold-fix-exert-more-control-over-price-gold

Banks Sued on Claims of Fixing Price of Gold

http://dealbook.nytimes.com/2014/05/05/banks-sued-on-claims-of-fixing-price-of-gold/?_r=2

According to one of the suits, “The ‘great flaw’ of the gold fixing process is that the member banks trade on the information exchanged during the call to manipulate the price of gold and gold derivatives before publication of the gold fix to the wider market.”

Each of the banks — Barclays, Scotiabank, Deutsche Bank, HSBC and Société Générale — denied, or declined to comment, on the accusations of collusion, which — at least traditionally — have been dismissed as a conspiracy theory. Nonetheless, concerns that the gold fix may be rigged have escalated of late in part because of investigations into the setting of the London interbank offered rate, or Libor, and suspicions about manipulation of global foreign exchange rates.

“A lot of conspiracy theories have turned out to be conspiracy fact,” said Kevin Maher, a former gold trader from New York, who filed the first suit against the banks. (The case is Maher v. Bank of Nova Scotia, 14-cv-01459.) “We now know that Libor was manipulated and that a bad odor is coming out of the Forex market. So why not gold?”

Mr. Maher, who started trading gold in 1993, said he filed his suit reluctantly and only after he became convinced that official regulators were unwilling or unable to investigate the fix. “I didn’t feel like there was any oversight, either from the government or from self-regulating entities,” he said in an interview last month. “A lawsuit seemed to be the only means to rectify the problem.”

Greenspan: Price of Gold Will Rise

These are indeed stunning admissions from former Fed Chairman Alan Greenspan.

http://www.merkinvestments.com/insights/2014/2014-10-29.php?utm_source=2014-10-29+Merk+Insight&utm_campaign=2014-10-29-Insights&utm_medium=email

Barclays Fined For Manipulating Price Of Gold For A Decade; Sending "Bursts" Of Sell Orders

Anybody still think I'm a conspiracy theorist?  Of course, the illegal price suppression will continue as the big players are still in the game.  Governments won't prosecute themselves.  Anybody have anymore tin foil hats?

http://www.zerohedge.com/news/2014-05-23/barclays-fined-manipulating-price-gold-decade-sending-bursts-sell-orders

It would appear that Plunkett is indeed nothing more than another instance of "Kerviel" or "Tourre" - an irrelevant mid-level trader thrown at the wolves of public consumption just so the attention can be redirected from the real manipulation elsewhere, and much higher up.

This is hardly surprising, as we noted three days ago when we wrote about the Barclays head gold trader termination:

"Bottom line: just like the Silver Fixing which last week announced its winddown, the days of the 117-year-old Gold fix are numbered. But to preserve continuity of riggedness and manipulation, perhaps they can just outsource their job duties to the biggest manipulators of all: Bank of England, the Fed and, of course, the BIS."

So yes: it is now a fact that gold is manipulated by various commercial banks, and that those gold "raids" one sees every morning usually around the time of the London fix aren't accidental at all but are entirely designed to reprice the market, but how deeper does the rabbit hole go?

[FCA Director Tracy] McDermott added: “Firms should be in no doubt that the spotlight will remain on wholesale conduct and we will hold them to account if they fail to meet our standards.”

Alas, this is a lie - by handing Plunkett to the public on a silver platter, it simply means that the far bigger and more important players in the gold manipulation market - stretching all the way to central bank and, of course, bank of central bank level, will simply be allowed to continue business "as usual."

So for those who want the real people behind the real manipulation before they all scatter into the dust, we urge you to reread "From Rothschild To Koch Industries: Meet The People Who "Fix" The Price Of Gold." Because the gold manipulation rabbit hole goes far, far deeper than just one single, solitary trader...

From Rothschild To Koch Industries: Meet The People Who "Fix" The Price Of Gold

http://www.zerohedge.com/news/2014-05-14/rothschild-koch-industries-meet-people-who-fix-price-gold

How China Imported A Record $70 Billion In Physical Gold Without Sending The Price Of Gold Soaring

Western central banks, governments, and bullion banks are not the only cartels who desire lower precious metals prices, as a means to mask the institutionalized counterfeiting of sovereign fiat currencies.  The Chinese also want manufactured lower paper gold prices so they can buy physical bullion at discounted prices.  Once they are content with their grab bag, they will be happy to see rising gold prices as a hedge against their increasingly worthless portfolio of US Treasury bonds.

Many gold bugs blame the Fed, ECB, and other central banks, as well as the bullion banks acting as agents for the central banks in the precious metals price suppression scheme.  I've posited the Chinese are just as happy to hoard gold at lower prices.  Indians and Chinese have a history of gold ownership--dating back many centuries, and the newly acquired gold will never see the light of day.

The US and Europe are literally bankrupting their economies with every gold bar being transferred from western vaults to eastern vaults--via Swiss refiners.

Asians have the innate sense of what corrupt and insolvent governments will do to combat budget deficits and government largesse:  print more paper currencies. 

http://www.zerohedge.com/news/2014-03-22/how-china-imported-record-70-billion-physical-gold-without-sending-price-gold-soarin

Here Is Why The Price Of Gold & Silver Turned Around Today

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/25_Here_Is_Why_The_Price_Of_Gold_%26_Silver_Turned_Around_Today.html

The Gold Price vs. The Price of Gold

"Something different and, I believe, incredibly significant is happening here, and it goes back to that important distinction I made and promised to get back to: 'the gold price' vs 'the price of gold'.

'The gold price', as it is understood by most people, is nothing more than the quoted price of a gold futures contract on the COMEX exchange in the US. When you read that 'gold fell in overnight trading', what actually happened is that the price of a paper futures contract fell — not the metal itself.

'The price of gold', on the other hand, is what you will have to pay to get your hands on the physical metal itself, and that is a different thing altogether.

Despite the plunge in paper prices, 'the price of gold' remained remarkably robust." - Grant Williams

Printing Money – Price of Gold – Preservation of Wealth

Printing Money – Price of Gold – Preservation of Wealth October 9th, 2012 by admin golds
by Egon von Greyerz – October 2012
1. Worldwide money printing continues unabated
2. Just In 10 years $120 trillion have been printed making global debt $200 trillion
3. World GDP has gone from $32 trillion to $70 trillion 2001-2011
4. Thus $120 trillion debt is required to produce a $38 trillion annual increase in GDP
5. The marginal return on printed money is negative in real terms
6. Thus the world is living on an illusion of paper that people believe is money
7. This illusionary paper wealth will implode in the next few years
8. The initial trigger will be the collapse of the world’s reserve currency – the US dollar
9. The dollar is backed by $120 trillion of US government debt and probably NO gold
10. All currencies will continue their race to the bottom and lose 100% in real terms against gold
11. This will create a worldwide hyperinflationary depression
12. All assets financed by the credit bubble will go down in real terms
13. This includes stocks, bonds, property and paper money of course
14. The financial system is unlikely to survive in its present form
15. The banking system including derivatives has total liabilities of around $1.2 quadrillion
16. With world GDP of $70 trillion, the world is too small to save a financial system which is 17x greater
17. This is why there will be unlimited money printing and hyperinflation
18. The only asset that will maintain its purchasing power is gold Click here for chart
19. Gold has been money for 5,000 years and will continue to be the only currency with integrity
20. Western countries’ 23,000 tons of gold is probably gone. See recent article by Eric Sprott.
21. The consequence is that most of the gold in the banking system is likely to be encumbered
22. This means that Central Banks one day will claim it back against worthless paper gold IOUs
23. Thus gold and all other assets within the banking system involve an unacceptable counterparty risk
24. Gold should be held in physical form and stored outside the banking system

Price of gold could reach $2,400/oz

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/9587117/Price-of-gold-could-reach-2400oz.html

On The Price Of Gold

http://youtu.be/B2y2SMzjQ9w