All4one, I have never said the US is manipulating gold through...

  1. 4,555 Posts.
    lightbulb Created with Sketch. 16
    All4one, I have never said the US is manipulating gold through banks. I said banks have been caught illegally manipulating precious metal markets. In fact the only bank I am aware of that has been proven to do this is a British bank, Barclays. Although I am confident there will be more. In regards the other markets such as the bond market the Fed is quite open about what they are doing & I believe the term I used was intervention not manipulation. Its like the RBA selling AUD to lower the currency. Is it illegal? No. Is it manipulation? Maybe, but I prefer to use the term intervention. I really don't think the US government gives two hoots about the silver price. It is such a ridiculously small market that does not have the same cogitation in regards financial health such as gold does. In fact if I asked most people on the street they probably wouldn't know if silver was trading at $10, 20 or $30 such is its significance.

    I also didn't say that 'they' (whoever they is) wouldn't possibly manipulate the silver market. What I said was I don't think banks would be manipulating the market NOW, due to the spotlight i.e. investigations on this very behavior.

    So not for the first time, you stating things I have never said & jumping to quite incorrect conclusions. My main point was that if you are blaming the crash from $50 in silver on bank manipulation then you are just looking for excuses & are delude stand by that.
    Funny how no one questioned the banks when silver & gold was rocketing & it was quite likely back then they were involved in manipulating the price of both higher. But you will never hear that on this thread.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.