Tag: paper gold

Bullion Banks Used Paper Gold and Silver to Restrain Price Advance in 2019

Bullion Banks Used Paper Gold and Silver to Restrain Price Advance in 2019

Gold and silver investors buy metals because they are scarce. Precious metals are by nature difficult to find, and hard to produce. Consequently, above ground stocks are limited and valuable, particularly when priced in unlimited fiat currencies. The bankers and government officials behind these fiat currency systems don’t like stable monetary benchmarks such as gold putting their inflation schemes on full display. They absolutely hate that gold works as a refuge. Inflation is a stealth tax. Instead of overtly raising taxes, politicians simply borrow and print the money needed for more government. They just need people not to notice. Which brings us to the futures markets for gold and silver. […]

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Gold and Paper 1951 – 2016

Gold and Paper 1951 – 2016

      From Raymond Chandler in “The Long Goodbye:” “There is no trap so deadly as the trap you set for yourself.” (Think deficit spending, central banking, QE, and “printing money.”) Images that come to mind are:   Future Possibilities for dollars/euros/pounds/yen: More debt, “money printing,” central bank desperation, currency devaluations, QE, and more of the same failed policies – will produce higher gold prices. Inflationary blow-off and gold prices go astronomical in devalued currencies, as they have in many other countries in the past century. Deflationary depression, tens or hundreds of $Trillions of debt defaults that make the 1930s look like a “walk in the park” by comparison […]

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How Much Paper Gold Is Being Traded Daily?

How Much Paper Gold Is Being Traded Daily?

The gold market is also dominated by derivatives, or, in our own words, ‘paper gold’. But what is the dollar value of the ‘paper gold’ market? Here is an estimate. Think about it: How is it possible that derivatives are able to set the price of a physical asset?

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The 7 Biggest Lies about Gold

The 7 Biggest Lies about Gold

It’s hard to say which lie about gold is the biggest whopper. Many widely held beliefs about gold are lies – propaganda hammered home to have us believe the only true measure of wealth is government-issued debt.

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Is Gold a Stupid Pet Rock or a Bedrock Asset?

| July 20, 2015 | Category: Investing
Is Gold a Stupid Pet Rock or a Bedrock Asset?

This isn’t the first time we’ve seen a major disconnect between futures and bullion. Coin prices spiked relative to spot prices in the months following the 2008 financial crisis and a handful of times since spot prices began correcting in 2011. Time will tell if the current pergence is temporary or something more permanent.

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How Is Paper Gold Trading Affecting The Gold Price

| November 13, 2014 | Category: Price
How Is Paper Gold Trading Affecting The Gold Price

My point is that this market is much too easily rigged , and that the warnings about manipulation are valid. At some point, too many customers will demand physical delivery and there will be a big crash. Long contracts will be liquidated with cash payouts because there won’t be enough gold to deliver. I saw a few squeezes in my 20 years trading futures, including gold. In my opinion, the futures market is not safe. The tougher question is: for how long will big banks’ dominance continue to pressure gold down?

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The Real Reason Your Stockbroker Hates Gold

The Real Reason Your Stockbroker Hates Gold

Brokers must follow Wall Street’s lead. Precious metals in your possession have no counterparties and no continuing fees and commissions, unlike the thousands of investments brokers sell. Once you own gold, that part of your wealth and your future is out of Wall Street’s hands. While they can recommend and sell plenty of paper gold, brokers can’t sell physical gold. Also, they don’t actually know any more about gold than most Americans, which is very little. So, they rely on Wall Street’s mantra dismissing gold as a murky investment and will do their level best to talk you out of buying even a single ounce.

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History Learns That Manipulation In The Gold Market Has An Explosive Ending

History Learns That Manipulation In The Gold Market Has An Explosive Ending

The London Gold Pool was designed to keep the price of gold capped in an era when the world’s reserve currency had a tangible backing. In defending the price, the eight members of the Pool were forced to sell way more gold than they had initially contributed in order to keep the price from going where it desperately wanted to go — higher.

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Fifty Shades Of Gold

| November 24, 2013 | Category: Investing
Fifty Shades Of Gold

Unlike most commodities, there are many shades to gold. Some of shades include the Love Trade’s buying gold for loved ones, the Fear Trade’s purchasing gold as a store of value, gold in relation to monetary debasement, dynamics of the paper vs physical gold market, and so forth. In a recent presentation, Frank Holmes of USFunds.com discussed those shades of gold with numerous charts. His presentation is called “Fifty Shades Of Gold.”

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The Downturn in the Spot Gold Price

| November 8, 2013 | Category: Price
The Downturn in the Spot Gold Price

Grant Williams, chief investment strategist for Mauldin Economics’ Bull’s Eye Investor, recently published a piece in his weekly newsletter Things That Make You Go Hmmm. At its core, the article gives a different take on the recent downturn in gold markets.

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What Happened To The Gold Price Today?

| October 11, 2013 | Category: Price
What Happened To The Gold Price Today?

It was another one of those days that got gold enthusiasts stunning when looking at the daily gold price chart. Right in between the London AM and PM Fix, at 8h30 EST more precisly, the gold price went some $30 lower in a matter of seconds.

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Jim Sinclair: Settlement To Become The Real Issue In Comex

Jim Sinclair: Settlement To Become The Real Issue In Comex

Gold rose today because those knowledgeable know the inevitability of the changing of the Comex contract, as it is today which calls for settlement in gold between contracting parties. There is no question this is the emancipation of physical gold from the fraud of no gold, paper gold. The emancipation will cause physical gold exchanges to take birth and to be the discovery mechanism for the price of gold. This is the end of the ability to use paper gold future contracts as a mechanism to drive the gold price..

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Recent Gold Price Drop Likely The Result Of Paper Gold Redemptions

Recent Gold Price Drop Likely The Result Of Paper Gold Redemptions

The price of gold recently plunged against a backdrop of increasing global money printing and increasing demand for physical gold. On the face of it, this is odd. It is however quite rational, due to some perverse incentives in the structure of the gold market that are not well understood.

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When Will The Physical Market Start Setting The Gold Price?

When Will The Physical Market Start Setting The Gold Price?

David Morgan believes that the paper market will still dominate the price through 2014. Right now, there are big differentials between the retail price and commercial bar prices. As long as commercial bars will be delivered in a somehow timely manner the paper market will have some basic credibility. Once that breaks down, it will signal the tipping point.

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