25 votes

Are Gold and Silver Prices Being Suppressed?

Money manager Eric Sprott contends, "Physical demand for gold is out of line with supply. How can all these new people come into this market when there has been no increase in supply . . . for the last 12 years?" Sprott's analysis shows central banks are selling to make up for the shortfall and opines, "I would hate to think what happens when we all find out there is no gold in the Treasury." Greg Hunter interviews Eric Sprott.

via LewRockwell.com

http://lewrockwell.com/orig13/hunter-greg11.1.html

http://www.youtube.com/watch?v=DFraGGUHfv0&feature=player_em...




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Cyril's picture

You may find this relevant

You may find the links that I eventually stumbled upon and I put in this comment quite relevant:

http://www.dailypaul.com/144648#comment-2965285

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Buy, buy, buy!

And hold, hold, hold!

I can only afford an occasional tenth ounce gold coin or some silver, but that doesn't matter.

What matters is to get at least some metal over time no matter what the size.

In fact, perhaps the smaller amounts are better so that when the gov lowers that $10,000 amount which must be reported - and/or gold hits $10,000/oz - you'll be able to sell without reporting it if you have the smaller denominations.

Keep your eyes out for deals because supply is HURTING right now.

Silver is even a better price presently. Sub-30 dollar/oz is a good deal I think.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Hedge Funds Preparing For Market Sell-Off

http://www.youtube.com/watch?v=5WO2wp81M2E&feature=player_em...

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

Dump GLD & SLV. By Gregory Mannarino

http://youtu.be/5k3vKdFuklM

"Never be afraid to raise your voice for honesty and truth and compassion against injustice and lying and greed. If people all over the world...would do this, it would change the earth. "
— William Faulkner
twitter.com/@Battleforce3327

Thanks for posting

Lets get the word out. Class action against the Fed. Thats what I'm talking about. I want in !!!!

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

SteveMT's picture

Quid pro quo.

U.S. proclamation to all countries and central banks:

You give us your money to buy our worthless treasuries, and we will suppress the price of all metals for you to buy until they are gone. First come first serve.

Me: People can also capitalize on this offer (minus the buying of worthless treasuries). Don't listen to what they say. They are liars. Buy what they are buying right now.

Buying

I've been buying Silver when I can afford it, even though it's relatively "Cheap", my pay check keeps me from buying the amount I would like to hedge against the FRN's. But talking with several people who deal with silver, they state that it is way under valued by at least 300%. When the correction of Precious Metals happens, those who were wise enough to buy now will be in a better position then those who have put this off.
But one thing does surprise me about the Daily Paul, and that it doesn't have a Kitco ticker on the current prices of Gold and Silver. That might be a nice addition to the front page.

"Never be afraid to raise your voice for honesty and truth and compassion against injustice and lying and greed. If people all over the world...would do this, it would change the earth. "
— William Faulkner
twitter.com/@Battleforce3327

SteveMT's picture

The metals thread has been updated manually X years.

It's a labor of love believe me. The payback is seeing the words "Peace. Gold. Liberty" everyday here.

The Big Holders o f Gold Are Fighting With Each Other, Already!

I think the Libya invasion was about stealing Gold.
The Pope's resignation may be about vatican held Gold.
Mali is being invaded because it is a large Gold producer.
Nevada is/was the worlds 6th largest producer of Gold, watch for China trying to buy Nevada's Gold or Gold mines.

beesting

Silver is being suppressed

Silver is being suppressed worse than gold. There is LESS silver above ground than gold. Something like 90-95% of ALL silver ever mined is supposedly in landfills. Most of it is used in industry, so hardly any of it is made into bullion. Most of the gold people will likely get their promised gold, but silver people won't. Holding physical silver is a good and cheap thing. A few ounces could wind up paying off a mortgage.

Please come join my forum if you're not a trendy and agree with my points of view.

I wrote this aritcle on falling gold and silver prices

Will the Price of Gold and Silver Keep Falling?

http://bit.ly/Vkv0cs

The article has over 17,000 hits on Seeking Alpha where I write now and then. The gold haters have come out in force in the comment section over there, and the negative articles on gold have increased quite a bit with some young, fresh out of MBA grad school writers.

The Keynesian clowns are trying to take advantage as much as they can during this dip in prices, as they believe throwing more money at the problem will solve everything. They assume GDP will pick up and take care of any future debt issues.

They live in a dream world, believe everything their government says, and forget how they, the Fed and all of Congress, sans one RP, couldn't predict the 2008 financial crisis.

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

"They assume GDP will pick up

"They assume GDP will pick up and take care of any future debt issues."

This sentence goes to show just how ignorant some people (mostly Keynesian proponents) are of financial processes. It is a hilarious statement to say GDP can cover any amount of our debt.

National debt has now surpassed the reported GDP. The reported GDP does not take inflation into account and also does not account for loans which add to the gdp but also add to the debt. This is why even when GDP rises and the economy is supposed to be doing well, it is not reflected as such.

this shows the 1.5 year

this shows the 1.5 year correction is just about over or over.

The obvious answer is yes

once you realize that certificates which promise the holder a certain denomination of gold or silver are being created and handed out when the amount of precious metal that the certificate is said to be worth is not actually in existence in the issuer's vaults.

One could draw a parallel to banks lending fractional money which they have created but does not physically exist. The only difference is that banks collect interest payments off the loans whereas with the phony certificates, the purpose is to keep it look like gold is available, in order to suppress its price and thus keep the value of the dollar more stable than it would be if people realized the jig is up.

Check out the Gold Anti-Trust Action Committee for more information on the suppression of the price of gold: http://www.gata.org/

I can't help but thinking of

I can't help but thinking of the foolishness of all the liberal posters I see on comment boards all over the Internet while watching this video. Unfortunately this stuff is either way over their heads or they just don't care to see the writing on the wall. I work for a refiner,, I can tell you for a fact that the recycled market us drying up. We were down over 50% last year and we are a big international company.

A nation of sheep breeds a government of wolves.

Maybe you can tell us then...

Why are the gold mines not doing extraordinarily well?

Over the last 2 years, when gold climbs, these stocks climb slowly. When the market drops, they drop fast. When gold drops, the go down slowly.

I would think that the gold mine stocks would be the one single place that followed the true shortage of gold.

The other possibility is that they too are being manipulated and that when gold breaks loose, they will skyrocket to make up for lost time. This would be good because it means I've been piling up my 'buys' while the stock is low and still have a top to sell at. (company limited and matched retirement with restrictions - ugh)

Cyril's picture

Check out my post on the real

Check out my post on the real purchasing power of the DJIA as compared to gold.

http://www.dailypaul.com/262493/how-would-anyone-make-money-...

Remember the stocks of gold mines contribute to the DJIA among others, and as opposed to the NASDAQ for instance - unrelated.

And as you'll see, the DJIA is de facto, for the most part, being vastly rigged ever since the end of the 2000 bubble - likely by quantitative easing, essentially.

So, whether gold is up or down in trends on manipulated markets re: shorts vs. longs isn't that much significant as far as gold mine stocks/shares are concerned : the latter are manipulated the same way as the DJIA itself has been for likely more than a decade already.

Although the PMs are so undervalued, it is quite amazing they are still strong enough as witness to reveal the almost complete erasure of the US industry capitals AND productivity - the capitals and productivity levers have either been exported to china or destroyed by the collectivist status quo that Bush NWO had well settled down a decade even earlier, early 90s.

Himalayas of debt and wars - that's where the USA have been extracted, squeezed into for two decades now at a formidable scale. An entire people living on "credit" and encouraged to spend, borrow and get into always more debt, while being taxed increasingly slowly but surely - the boiling frog.

I suspect FDR great recession times are already a pleasant joke compared to what we are living now hidden in plain view : this unprecedented deception "works" only because, I think, unlike in the 1930s, it is all the western countries trapped in the same Central Bankers Wars SCAM - simultaneously.

Now the QE'ing is going A-wild. Gone totally loose. They're going to print more and more and more and finding more and more unfriendly takers of US fiat dollar, more and more of them demanding real assets instead - or trading with someone else.

It is currencies AND assets war times now - not sure who can win, if that makes any sense, but that's for sure the ever accelerating fall of the USD, and JPY...

We folks better hold onto the little we own and can touch, if you ask me.

And defend and protect it fiercely.

'HTH,

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

I understand what you're saying in that DJ et al are rigged

What I'm trying to figure out is how this is happening. The fund these mines belong to is not being shifted from one individual stock to another. It's just overall acting very oddly.

To my way of thinking, if gold is in short supply but being manipulated down by institutionalized selling, that shouldn't have any affect on the mine output because they sell to refiners who have an eager market simply because the metal is undervalued. Surely the mines would sell to different people if their output was still high and the big boys stopped buying? This should drive mine stocks higher but it's not.

Maybe they're mining and holding to wait out the higher prices to sell at?

All I want to do is figure out when to get out of these things. Hopefully, I can catch it after gold lets loose, the mines climb and while the market has yet to drop an equivalent ratio. (I do really like that I've been piling up the buys at such low prices for so long!)

Cyril's picture

Well, that's where knowing

Well, that's where knowing personally an insider about one of these would come in handy, I suppose. Sorry, not exactly my domain... Good luck, stay safe.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

That's a damn good question.

That's a damn good question.

A nation of sheep breeds a government of wolves.

I'm not surprised

With the push over the last few years to buy "your used" gold by so many businesses. It seems they have fleeced those who are ignorantly looking for a quick buck and are now left with all us stingy gold bugs who wont fall for their quick money scheme. Now the "used gold" market is drying up. IMO

There is no question about

There is no question about it. With people selling their jewelry off and jewelers not casting much new stuff at these prices it is bound to happen eventually.

A nation of sheep breeds a government of wolves.

What will Americans do if they discover the gold is gone?

Could this help explain why politicians are "gunning" for everyone's so-called assault weapons and high-capacity magazines?

They won't care

There will be some outrage during the news cycle but most americans couldn't care less where their gravy train is coming from. As long as their FRNs are around they will be ok. Got to go, time for Dancing with the Stars.