Gold and Silver Price Manipulation Part 2 of 11 by Illuminati Silver

Gold and Silver Price Manipulation Part 2 of 11 by Illuminati Silver

Welcome to illuminati silver, we tell you
the truth about silver. Today is Thursday 7th January 2016 and we
are addressing the issue of Gold and Silver price manipulation. In Part 1we mentioned
the views of economist Jim Rickards who broadly stated that there is price manipulation in
these markets, primarily carried out to assist China in increasing its gold reserves cheaply.
Today we are going to reflect on the views of Dr Paul Craig Roberts and GATA and Andrew
Maguire. In July 2015 Paul Craig Roberts (former Assistant
Secretary to the Treasury) published an article on his blog establishing that the price of
gold and silver in the futures markets, in which cash is the predominant means of settlement,
is inconsistent with the conditions of supply and demand in the actual physical or current
market, where physical bullion is bought and sold. He quotes: “The supply of bullion
in the futures markets is increased by printing uncovered contracts representing claims to
gold. This artificial, indeed fraudulent, increase in the supply of paper bullion contracts
drives down the price in the futures market despite high demand for bullion in the physical
market and constrained supply.” He confirms that in his view Gold manipulation
“is obvious.” And he gives his opinion as to why the authorities tolerate it?
“Perhaps the answer is that a free gold market serves both to protect against the
loss of a fiat currency’s purchasing power from exchange rate decline and inflation and
as a warning that destabilizing systemic events are on the horizon. The current round of on-going
massive short sales compressed into a few minutes during thinly traded periods, began
after gold hit $1,900 per ounce in response to the build-up of troubled debt and the Federal
Reserve’s policy of Quantitative Easing. Washington’s power is heavily dependent
on the role of the dollar as the world reserve currency. The rising dollar price of gold
indicated rising discomfort with the dollar. Whereas the dollar’s exchange value is carefully
managed with help from the Japanese and European Central Banks, the supply of such help is
not unlimited. If gold kept moving up, exchange rate weakness was likely to show up in the
dollar, thus forcing the Fed off its policy of using QE to rescue the “banks too big
to fail.” He then added that the mainstream media is
also involved in this process as it frequently interviews those who state that gold is not
money. This is Craig Roberts reply to that charge:
“Gold is considered a part of the United States’ official monetary reserves, which
is also the case for central banks and the International Monetary Fund. The IMF accepts
gold as repayment for credit extended. The US Treasury’s Office or the Comptroller
of the Currency classifies gold as a currency, as can be seen in the OCC’s latest quarterly
report on bank derivatives activities in which the OCC places gold futures in the foreign
exchange derivatives classification. The manipulation of the gold price by injecting
large quantities of freshly printed uncovered contracts into the Comex market is an empirical
fact. The sudden debunking of gold in the financial press is circumstantial evidence
that a full-scale attack on gold’s function as a systemic warning signal is underway.”
To further support the view that Central Banks are indeed involved in such manipulations,
In 1999, at the close of what many believe to be the “second” Great Gold Smash (the
first being the infamous London Gold Pool of the 1960s), this quote was attributed to
the late Sir Eddie George, former Governor of the Bank of England: “We looked into
the abyss if the gold price rose further. A further rise would have taken down one or
several trading houses, which might have taken down all the rest in their wake. Therefore
at any price, at any cost, the central banks had to quell the gold price, and manage it.”
On Sunday, 22 Mar 2015 Chris Powell, Secretary of the Gold Anti-Trust Action Committee Inc,
(GATA for short) explained to CNBC why global central banks are intervening in the gold
market. He stated that Central Banks use Investment
Houses or Intermediaries to manipulate the gold market price. They use Futures, Options
and derivatives which both deceives Investors and destroys markets. The main reason for
the intervention is to control the gold market to defend the US currency and Government Bond
prices. Now what about silver price manipulation?
Well some have argued that any disruptive move to the upside in precious metals is negative
for the U.S. dollar and for other un-backed currencies. While a higher gold price would
reflect directly on major currencies, a higher silver price would both reflect on currencies
and also have a ripple effect through several industries. A sharp rise in the silver price
could be a leading indicator of broad price inflation. The U.S. dollar would lose value
specifically relative to products that require silver in their production and generally relative
to global commodities. In other words, sharply higher silver prices could destabilize the
U.S. dollar and undermine its strategic role as the world reserve currency – or so it is
argued. And finally, Andrew Maguire: Whistle-blower,
Independent London Metals Trader & Analyst – with 35 years trading experience, both
as an institutional and independent trader has said on KWN lately that gold and silver
manipulation cannot go on much further and he sees a major price breakout any time soon.
Part 3 will pose additional advocates of manipulation and then parts 4 and 5 will show how these
alleged manipulations are being carried out and who is doing the manipulating.
We hope you have found this video interesting and informative and if so, please give it
a thumb up and share it on twitter. Also kindly visit our website regularly at Disclaimer: Illuminati Silver owners come from a background
of Banking, International Wealth Management and Economics. Having now retired from these
worlds we are not qualified to give investment advice. Therefore, this and other productions
must not be deemed to be giving such advice and merely represent the personal views of
its owners.



  2. It is widely known that the Department of Justice selectively prosecutes. If you break the law and you are a private college owned by a church lookout. If you are a state owned college and you break the law The federal government just looks the other way, so long as you participate in their agenda. What kind of shenanigans do you think the state owned colleges will be perpetrating. How does this modify their behavior?

  3. I recently went to a French restaurant. It was a very nice place. It was very pricey and very good and of course I showed up in my coonskin hat. There was one very nice television on the wall. It's only purpose was to allow the customers to monitor the goings on within the kitchen. The food was fantastic.

  4. When you say that the Eddie George quote was "attributed" to him – do you mean you doubt whether it is genuine? Also, it is not the only relevant quote from a central bank. Fed minutes from the 90s show that Greenspan deliberately sold Fed gold in order to depress the price. Brown's bottom was also almost certainly part of a price suppression strategy, whoever one supposes was the intended beneficiary.

  5. So I'm curious. Without taking to much away from the future videos in this series what is your position on the validity of views like the ones expressed by these individuals claiming manipulations?

  6. I would still like to see an explanation for the hard resistance to prices below $14.00. Just when the market seems to stabilize below $14.00 something will happen sending silver up as much as .50 cents or more where it will begin to slowly drop (weeks) in price back to $13.90 or so. It's been doing this since Nov/Dec.

  7. 14.35 lets go 15 ! lol all in good fun . but i think 13.80 was bottom . to much bail out fiat , to much paper share fiat . so PM has to be suppressed…if i cant hold it or see it it anit there

  8. Martin armstrong is no longer pushing his 25000 DOW….it seems he has now reversed his opinion and is suggesting the DOW going much lower…of course, he doesnt mention how wrong he was in 2015, by suggesting DOW 25,000….most of these pundits, seem to always forget their terribile predictions …Harry Dent, seems to be the best of the far.

  9. Great series! But could you please write your full script in the description? I've noticed you write some of it down, but not all. It makes easier to concentrate about what you are saying.

    Thank you.

  10. When currencies were backed by gold and silver, it restrained government spending. Once off the gold standard, the governments, in collusion with the banks, restrained the price of gold. No surprise here, price manipulation has been going on. But the spending now has gotten so out of control now that if we return to the gold standard, it will mean death to the majority of people. Yet, there cannot be true value in assets as long as the breakdown in the rule of law and corruption continues whether a gold standard or not.

  11. silver cant even hold above $ this bear stock market and TERRIBLE earnings reporting and FED announcing raising rates 4 time for 2016.

  12. Amendment of Estonian VAT ruling for Silver Coins coming.

  13. I'm going to make a bold prediction that by 2018 silver will be @ $1.00 and gold @ $50.00 world wide, and that will be a good thing too. You can have that in physical or certificate form.

  14. Latest scam involving overpriced silver : I get alot of email alerts from online metals dealers . Some of them have always offered " trinket silver' at excessive prices, but this trend seems to be becoming more popular with these online metals dealers…..they are now constantly pushing things like ….2 oz silver skulls…poker trinkets…bullets..etc…and charging $50+ shipping fees…..which is almost a 40-50% premium over spot. This may become the big new gimmick, to sucker in unwise silver investors and make them OVERPAY for silver. It is a clever way for these online metals dealers, to continue to make huge markup prices on silver, even as silver goes lower in price or stays stagnant. Its kinda like the 1 OZ SILVER EAGLE SCAM…that is often done….when the rumour is spread that silver is in short supply, so they raise the premiums of a 1 oz silver eagle from $ 2 over $3.00 over spot…I still claim that silver cannot be in short supply, when they use it to make useless trinkets for peons in society to purchase at overvalued prices.

  15. Martin Armstrong claims there is NO MANIPULATION in prices of gold/silver…this is yet another reason I am not a huge fan of armstrong.

  16. If they can obviously control it. The real question is what was the purpose of letting it rise in 2011-12? Was it to siphon it off the public?

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