The Golden Conspiracy "Manipulation In Relation To The Price of Gold"

[DNA]

The below article is pretty freaking good. The piece is stating beyond any shadow of a doubt that the price of gold is being artificially manipulated on a day to day basis. This article states that China and Russia seek to emulate what the US has done economically, and in order for them to do so they must acquire a great deal more gold.
With so many more nations attempting to acquire a greater portion of the world's gold supply the price of gold would skyrocket if they acquired it to fast, so they must do so gradually or price themselves out.
If an equilibrium is reached and Gold is no longer artificially deflated this article states that Gold should reach $10,000 an ounce.
Full Article Here, https://dailyreckoning.com/the-golden-conspiracy/






The Golden Conspiracy

[Ed. Note: Jim Rickards’ latest New York Times bestseller, The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis,


Is there gold price manipulation going on? Absolutely. There’s no question about it. That’s not just an opinion.
There is statistical evidence piling up to make the case, in addition to anecdotal evidence and forensic evidence. The evidence is very clear, in fact.
I’ve spoken to members of Congress. I’ve spoken to people in the intelligence community, in the defense community, very senior people at the IMF. I don’t believe in making strong claims without strong evidence, and the evidence is all there.
I spoke to a PhD statistician who works for one of the biggest hedge funds in the world. I can’t mention the fund’s name but it’s a household name. You’ve probably heard of it. He looked at COMEX (the primary market for gold) opening prices and COMEX closing prices for a 10-year period. He was dumbfounded.
He said it was is the most blatant case of manipulation he’d ever seen. He said if you went into the aftermarket, bought after the close and sold before the opening every day, you would make risk-free profits.
He said statistically that’s impossible unless there’s manipulation occurring.
I also spoke to Professor Rosa Abrantes-Metz at the New York University Stern School of Business. She is the leading expert on globe price manipulation. She actually testifies in gold manipulation cases that are going on.
She wrote a report reaching the same conclusions. It’s not just an opinion, it’s not just a deep, dark conspiracy theory. Here’s a PhD statistician and a prominent market expert lawyer, expert witness in litigation qualified by the courts, who independently reached the same conclusion.
Now, where is the manipulation coming from?
There are a number of suspects but you need look no further than China.
China wants to do what the U.S. has done, which is to remain on a paper currency standard but make that currency important enough in world finance and trade to give China leverage over the behavior of other countries.
The best way to do that is to increase its voting power at the IMF and have the yuan included in the IMF basket for determining the value of the special drawing right (SDR).
China accomplished that last September when the IMF added the yuan to its basket of currencies.
The rules of the game also say you need a lot of gold to play, but you don’t recognize the gold or discuss it publicly. Above all, you do not treat gold as money, even though gold has always been money.
The members of the club keep their gold handy just in case, but otherwise, they publicly disparage it and pretend it has no role in the international monetary system. China is expected to do the same.

[dynamo]

Yes, like most, if not all, commodities, the price of gold is fixed by the extremely wealthy...