Breaking News: Gold Price Manipulation
While we had planned an in-depth post on how the gold price was manipulated over the past several decades in a few days’ time, there has just been a whistle-blower who went public two days ago:
“The banks, which do the Federal Reserve’s bidding in the metals markets, have long been the government’s lead actors in keeping down the prices of gold and silver, according to a former Goldman Sachs trader working at the London Bullion Market Association.” (Emphasis CrisisMaven)
Read the full story in the New York Post – MICHAEL GRAY: “Metal$ are in the pits – Trader blows whistle on gold & silver price manipulation“, Last Updated: 4:33 AM, April 11, 2010.
(Statistical resources in our References section!)
You will then understand why the gold price currently is not reflecting the true debasement of the dollar and its kindred fiat currency brothers and sisters … and why therefore the surge, once it comes, will be completely out of proportion with anything you’ve ever seen (and anything most analysts dare currently to predict in order to not be ridiculed – but make no mistake, just think why a zero divisor for integers in mathematics leads to an undefined result in computing and what that result would actually be called in common language).