reply to post by eNaR
The incredibly rich, global banks, governments, huge corporations that bought gold at a very, very low price could be behind the dramatic rise in gold
prices. They could, for example, be producing video's predicting global chaos caused by say the decline of the US dollar which sucks the last bit of
wealth from the masses who, wanting to get on the gold gravy train, buy gold pushing it's value higher and higher and higher.
Then through some form of financial manipulation / chicanery, the producers of doom and gloom videos, the incredibly rich, global banks, governments,
huge corporations, etc., wanting to reign in the rising number of millionaires and wannabe wealth seekers, could cause the price of gold to drop back
down to where it was years ago.
So now the poor or soon to be poor saps that bought gold at say $1,300 per ounce or higher, lose whatever wealth they had and the ultra rich, global
banks, etc. are no worse off, and could actually be better off if they were the ones selling at $1,300 per ounce....
But hey, that's what some may call a conspiracy theory.......
Nothing wrong with having a conspiracy theory, especially here on ATS!
I think there are a fair amount of people who might be inclined to agree with the idea that there might be "something" up with the price of gold
lately. Could it be that a few big traders out there are playing games, or maybe the big banks (as usual) pulling a trick or two, or perhaps a George
Soros type, who is planning on slamming it home just as enough suckers jump on board?
I think that the more one understands gold, the less likely you will find such a scenario to be plausible. Of course, I do respect anyone who is
trying to think outside the box, and we should consider different possibilities, especially before deciding the best place for our hard-earned
It's worth looking into gold in my opinion, trying to be independent, but there is a big problem people will encounter if they decide to do it. This
is going to seem counterintuitive to many I'm sure, but our problem isn't a few recent gloom and doom videos finally raising our consciousness about
gold, it's completely the opposite situation!
People have actually been lulled to sleep when it comes to gold.
I would ask that the open-minded person seriously consider this alternative,
before jumping to a conclusion based on recent videos of the past few years.
Everyone knows that gold has a very long history, and that being the case, we need to broaden our scope if we are to understand it. So that's one
suggestion, which is to say that we need to gain a true historical context to better discern between reality, and noise.
Everyone also knows that the very wealthy have gold. They have always had it. One might easily wonder why on earth they would want to intentionally
hurt the value of one of their traditional holdings, but it is possible...since it has already happened.
This is exactly what we have already seen take place during the past quarter century, as a mighty US Dollar flew higher than expected, in the
aftermath of the decline of it's principle military rival, the USSR. Again, looking here for the greater context of what we have seen.
And yet...$300 "cheap" gold ten years ago was still well above the $35 figure Nixon had inherited. Which is to say that if we expand our goal posts
a bit, we see a different picture.
What about central banks
, sucking up cheap gold, only ready to unload it on the silly sheeple, once enough of them have bought in to the
The facts show exactly the opposite took place!
Arch-criminal Gordon Brown is the poster child of dumping gold at the very bottom, almost
single-handedly consigning his once great nation to second-class status. He dumped British gold like it was so-much trash. Of course, he was doing
his master's bidding, didn't give a damn about the British subjects who were fleeced of their nation's wealth, a wealth that had accumulated over
Let me explain. What actually occurred around the globe was a net outflow of gold from Western central banks, in favor of emerging nations that
realized they had no hope of ever bettering their lot if they didn't shore up that component of their balance sheets. China and India bought gold,
hand-over-fist, year after year, as the IMF would make announcements "threatening" gold sales. The pattern was that after their stupid
announcements designed to keep a lid on gold, we would find out that a deal was struck with these nations, and they basically took all the gold they
were "allowed" to buy!
How about volumetric perspective, since the historical may be lost on many? If these wanna-be nations having been playing catch up on their gold
reserves, the relevant question is, have they caught up yet? In other words, do they now finally have "enough" gold? Will they stop buying, so the
price rise can catch it's breath at least?
According to a Bloomberg article just a few days ago, the answer is that they still have a LONG ways to go!
The article says that China is demanding that the US sell them gold in order to resolve the "twin deficits" (in government budget, and current
account). It quotes People's Bank of China advisor Xia Bin as saying “The U.S. has more than 8,000 tons of gold reserves; why can’t it sell
some of it since the country wants to raise funds for economic recovery but doesn’t want to add more burden to the fiscal deficit...?”
Sounds like a reasonable request, seeing as how China, a nation with more than four times the population of the US, only has 1,054 tons of gold,
compared to the US (actually 8,133 tons). The article also compares China's "small" gold reserves to Germany, which hold triple that of China, at
Of course, I won't even get into the "conspiracy" idea that there really isn't much gold held at Fort Knox anymore, yet another entity just as
unauditable as the friggin' Federal Reserve. Hmmm.
I guess this is all a bit much for a thread like this, but I would suggest that there is a whole lot to learn, and it is well worth a person's time,
especially if they have any savings or wealth that they would like to preserve.
Are gold bugs idiots? Perhaps. I'll end with this famous quote from Prof. Janos Fekete:
"There are perhaps 300 economists in the world that believe gold to be a 'barbarous relic', and perhaps they are correct. However, there are 3
billion people in the world who disagree with them."