Topic: Is the government manipulating gold and silver prices? - page 2. (Read 2357 times)

I don't think that governments are manipulating the prices of gold and silver, but all the manipulation in any product or any asset is dependent on the demand and supply of that asset or product.

That is my opinion as well, bryant.coleman.  Devaluing helps exports, short-term of course, but yields less consumption within the export country and distorts their investments.  China is a great example.  They have inflation.  China will have a hard landing, probably soon.  Of course, China's future ("later") may be bright, depending on the policies they adopt later on.

Japan used to devalue all the time as well.  They are now stuck in a depression which while somewhat mild, has been going on arguably over 25 years.

As a general rule, the more a country monkeys with the free market, the worse the results.

Devaluation of currency can help in the short term, but in the long term the net effect will be negative. A clear example to this is China. They have tried to benefit by devaluing the Renminbi. It benefited them in the short term, by increasing the volume of exports. But now, they have to deal with the rise in inflation, and the stock market crash.

Countries will be happy to devalue their currencies, so that their exports become more compeititive. All this competitive quantitative easing and negative interest rates indicate that.

Yup they can do that but what is their plan if they manipulating gold and silver price? If they dont have a good plan they wasting only their funds for that manipulating.

The government i think they can but they dont manipulating gold and silver because if they do that they need many funds for that and they waste their money for that.

Global control of gold price was not possible until the height of the British empire.  (During the Dutch Golden Age the Dutch elites had to keep paper money tightly covered by specie since they still couldn't contain a capital flight out of their paper money into specie.)  From the late 1860s Britain was able to co-ordinate with all major central banks to ensure convertibility of paper sterling to gold at a fixed price -- this was a total global suppression of gold market price.  E.g. in 1890 the Bank of England borrowed gold from other central banks to contain a big financial crisis -- this meant, in practice, keeping the paper sterling price of gold the same as before.

After the collapse of the last remnants of the gold standard in 1971, it seems, manipulation has been done by co-ordination between the major central banks, bullion banks, and big investment banks.  (The evidence provided by books like "The Gold War" and "The Gold Cartel" seems pretty convincing.)

Individual investors are price takers, not price setters, most of the time, in this system.  Your gold dealer or coin shop will buy from or sell to you at a price based on the spot price "managed" by the elites via their "fix" system.

The borrowing of physical gold (ie the location of the physical metal, regardless of who owns it in theory) seems to play a key role. Most European countries' gold is held in their name in Britain and the US.  When German voters forced Germany to ask for its gold to be moved to Germany, the process was strangely slow and tedious (and I think it will be done over many years and the final negotiated amount will be only part of Germany's gold.)

The only successful example of full relocation of gold was by Hugo Chavez of Venezuela.  (You could also trust him to rebel against the system!)  I think the process was also painfully slow.  If they had trouble coming up with that small amount of gold, you can bet central banks' physical gold is highly leveraged for suppression purposes, and that the whole scheme can come crashing down.  If you look into the fine print of any "paper gold" investments, you'll probably find that, in extremis, you have to accept paper currency.

Buy physical gold only.

They can do this in a marginal aspect but the market has grown quite a lot so there is not much for them to influence it anymore.

The entire modern world system is based on suppressing the price of gold and silver.  Under the centuries of gold and silver standards, the central banks sold gold and silver freely at a fixed paper currency price, so the precious metals always earned an interest of 0%.

Since 1971, *supposedly*, we are on totally fiat money.  But think, how could the elites possibly allow a free market for gold and silver when they couldn't have it for over 350 years before that?

So, suppression simply went underground, and any devaluation of currency against gold (when the elites could no longer help it) is done on a rolling basis and less embarrassing to the elites.

Yes, that is correct however the problem is that how much they can manipulate and what percentage they can change the prices?

They most certainly are and have been doing so for years especially silver.

This has been known for years. Government always try to manipulate the market to garner favour towards their own currency. It doesn't take any rocket science equations to figure that out.

First off, what "the government" are you talking about. There are some 200 worldwide and every one of them can trade gold. Now factor in the millions of gold owners who are fee to sell at whatever price they choose. A bank may be able to manipulate THEIR valuation on gold, but how would they convince millions of others to sell at a price they choose?   

This is not true! Because gold and silver price change has not happened only in one country, it has happened in most of the world. And logically such decision wasn't made in UN as all the countries are facing similar situation. Gold and silver price mostly depends on market demand and availability so government do not have any major role in it.

When some people/banks/entities have a huge money then they can control flows of money too and for governments at least it may be good to control many things.

Big banks are maintaining the silver price low, more than the gold one. It is needed for the industry to not collapse. These Jews are just making the thing not to explode. Even if that's working now, the more we wait before the boom the bigger it will be. And the more millions they will have...

Yes, maybe governments try to change prices but they cannot change those prices very much since there is a very big supply of gold that they do  not have much control over it.

Very interesting. I have a feeling that governments are doing so because they want to feel that fiat is still strong, and such, although it is obviously doomed to collapse.

Mike Maloney is very interesting and brings very good points to the table - would you consider him trustworthy?

Also would you consider PM's a good store of value?


It has been crashing since, what, 2 years ago?


Canada has already ran out of gold, but it's interesting how the U.S. government is still hoarding around 75% of their forex reserves in gold. And yet they say gold isn't a safe investment

I have read an article last year about the government of manipulating the price of gold, but I don't fully trust because when i seen gold prices very strong day by day.

This gold market is very huge and it is very difficult to manipulate prices for any one either government or brokers. But the big gold consumers like India and China government policies can put kind of pressure on gold price for short term and they can't control those prices for long term. So when you invest money in gold then don't worry much about short term price movements and hold it for long term surely can make a decent profits from it. But I'm not sure any government will do any background work control these metal prices.