Free Capitalist Network - Community Archive
Mises Community Archive
An online community for fans of Austrian economics and libertarianism, featuring forums, user blogs, and more.

Gold Price Suppression Scheme?

rated by 0 users
Not Answered This post has 0 verified answers | 1 Reply | 1 Follower

Top 500 Contributor
186 Posts
Points 4,290
TANSTAAFL posted on Wed, Sep 14 2011 8:42 AM

http://www.youtube.com/watch?v=BZayHI6UtwY&feature=player_embedded

 

The guy being interviewed here has been observing the price of gold since 2002. He claims that there is an upper bound of 2% increase eah day. He says that once the price rises by 2% today, some manipulators sell off to keep the price from rising further. He claims that only a few times has the price risen by more than 2% on a given day.

 

This seems absurd on its face. If I were holding enough gold that I could manipulate the price I would love for the price to go as high as it could...

  • | Post Points: 20

All Replies

Top 10 Contributor
Male
5,118 Posts
Points 87,310
ForumsAdministrator
Moderator
SystemAdministrator

I figure that a lot of the money that the Fed gives the banks is used to suppress (short sell) gold and silver.

To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process.
Rabbi Lapin: "Let's make bricks!"
Stephan Kinsella: "Say you and I both want to make a German chocolate cake."

  • | Post Points: 5
Page 1 of 1 (2 items) | RSS