posted on Apr, 30 2011 @ 07:35 PM
reply to post by surrealist
I don't have the exact figures on hand, but if my memory isn't failing me, the inflation adjusted prices right now would be Silver $140/oz, Gold
There may or may not be truth to the JP Morgan short rumor, but I don't think anyone disagrees that the market itself is totally manipulated. The
paper gold and silver futures market (which determines the spot prices) is a derivative scheme just like the mortgage backed securities scheme. It's
going to blow up at some point when people find out that their paper silver and gold is worthless. But even if JP Morgan was short, they will
manipulate the price of silver as needed to allow them to go long and eventually bet against the positon their bank is holding. This is what all the
banks did with their mortgage securities, I have no doubt they will do it again with Gold and Silver - IF it appears that the dollar cannot be saved.
That's why people like Keiser say it will still go up - once the paper market is exposed, the valuations will adjust and who knows how high
Silver/Gold could go then. Alternatively, inflation fears will force the paper market up and up. And if inflation ever turns into hyperinflation, at
least part of your wealth is protected by holding physical.
Never underestimate your opponent, however, especially when that opponent is an insanely rich criminal bankster syndicate with control of the Fed, SEC
and the White House. I hold both metals, but I'm holding them until I die or a new monetary system is implemented. If you're looking to "make
profit" then you're investing in the physical for the wrong reason, IMO.