Gold price manipulated since longer than assumed?

[STEED]

Some what a 1984 situation where most people are pros and as long as they get there little treats they will gladly go along with the lies. Makes me laugh when I hear friends say did you hear about JP Morgan and Chase along with Goldman Sachs got big stiff fines that will teach them! I just laugh and say teach them what, they only go and do it again.

[Wolferz]

Originally Posted by STEED

Some what a 1984 situation where most people are pros and as long as they get there little treats they will gladly go along with the lies. Makes me laugh when I hear friends say did you hear about JP Morgan and Chase along with Goldman Sachs got big stiff fines that will teach them! I just laugh and say teach them what, they only go and do it again.

Compared to the illicit profits they've raked in with their thieving, the fines are nothing more than a business expense and could be called profit sharing for the gub'mint

Everything is manipulated for max profits these days. Not just gold.
I can only hope that Fort Knox still has the back up plan stored there. But, alas, it may be like the Social Security trust. Constantly raided until depleted.

Oh well. They can't take it with them after their lynching and I really couldn't care less about worldly things like money. You come into the world with nothing and you'll leave it the same way.

[Skybird]

Originally Posted by Wolferz

Everything is manipulated for max profits these days. Not just gold.

Gold is not manipulated for profit in the main, but for protecting the snowballing scheme itself that is behind paper money - that is the point! It'S not about a simple criminal coup. It is about the very system.

[Betonov]

If you can't beat them, join them.

Any idea how to predict when they'll inflate and deflate prices
There's €200 in my drawer waiting to become €2000

[Skybird]

There are reasonable thoughts voiced by some who predict that gold will go beyond the 10.000 dollar mark the closer to final collapse day we are. I think that is possible. I tcoulöd even become multiple times that price, if you understand the logic behind FIAT money and gold.

But there will be new gold prohibitions announced by states, so you would be needing to act criminally and on the black market if you want to benefit from any - then illegitimate by the law'S letter - savings you stockpiled in gold and did not hand over to the state's gangsters when they demanded you to change your gold for useless rags of paper. You would need to accept the risk of most draconic penalties, because states cannot afford to tolerate black markets in such conditions. Or states catch you by excessive taxation of legal gold sales. In the end, when the going gets tough, there is no safety and no rescue, and those with gold will be in the mess as well as those holding shares (or follies like Bitcoins...) or landproperty (-> taxation, enforced expropriation).

We have had that before, and not just in Germany. America and Britain have been there, too, less than one man's lifespan ago.

Repeatedly.

[Jimbuna]

Originally Posted by Betonov

If you can't beat them, join them.

Any idea how to predict when they'll inflate and deflate prices
There's €200 in my drawer waiting to become €2000

Send it over to me and I'll put it to good use

Back OT...any tradeable commodity is used for profitable gain and always will do as long as there is a buyer and a seller within the marketplace.

[MH]

Gold price manipulated since longer than assumed?

any evidence on the how...because if i had a ton of gold in the basement i would be very happy reading this.

Who is keeping the prices down and letting china buy all this stuff?
Why don't others buy the gold same way china does?

[Skybird]

Originally Posted by Jimbuna

Send it over to me and I'll put it to good use

Back OT...any tradeable commodity is used for profitable gain and always will do as long as there is a buyer and a seller within the marketplace.

That is why it is of paramount importance to have a currency that is indeed a freely traded commodity just like any other and that has its value not regulated and fixed by governments, but market participants. Only then the "value" of the money actually has a meaning. And only then prices have a meaning. And only then businessmen and traders can make reliable calculations on their cost-gains-balances. In other words, the general status of an economy is reflected ion the price fixing on a free market, and the value of its currencies. And when you want to hide the real status of a desolate economy, you have to prevent all that and command which price the currency should have - by that, you distort all, precent all, disguise all.

But such a commodity currency that is decided about by market and private people, would mean that politicians have limited means available only to finance their spending frenzies by which they bribe the masses to vote for them. So they always will move all heaven and earth and tell just any lie to prevent such a currency and make people believe in paper money instead.

Also, paper money is a precondition for the giant redistribution scheme of real values from bottom to top that is happening today. The word to watch out for is "Cantillon effect". It makes sure that the rich get richer and the poor get poorer just by printing more FIAT money and pumping it into the system.

That gold has been used as such a widely accepted commodity money, is only because of past markets decided so and people made good experiences with the physical availability and ability to manage it. It is practical to handle, can be turned into smaller or bigger coins, and if a symbol on a thaler is declared invalid and the currency changes to another name, you melt your thaler and still have gold that has not lost one bit of its bartering power than if it were not a necklace but the same amount of gold pressed into the form of a coin, also, it cannot rot and does not corrode. It could as well be plant seeds, or seashells or bones, or tobacco, pieces of dried bacon and whatever else man has used as token for a currency system. But people found out that all these things were not as practical and valuable to them as precious metals turned out to be, and that they did not offer the practical advantages of using metal instead of furs or dried bacon. And so, gold it was.

The Chinese were the first to try a paper money system, I think in the 12th century. It collapsed. And since then, ALL paper money system tried in any part of the world have collapsed. The inflation of paper money is nothing else than what ancient kins did when they reduced the amount of precious metals in their gold and silver thalers, and replaced them with inferior iron, to increase the amount of thalers and give the illusion of having more wealth that they then spend. It is betrayal, theft, and always it is snowballing.

[MH]

The Chinese were the first to try a paper money system, I think in the 12th century. It collapsed. And since then, ALL paper money system tried in any part of the world have collapsed. The inflation of paper money is nothing else than what ancient kins did when they reduced the amount of precious metals in their gold and silver thalers, and replaced them with inferior iron, to increase the amount of thalers and give the illusion of having more wealth that they then spend. It is betrayal, theft, and always it is snowballing.

So how economy with relatively fixed amount of gold can deal with growing wealth.?
...after all people create wealth as well.

Originally Posted by Skybird

Gold is not manipulated for profit in the main, but for protecting the snowballing scheme itself that is behind paper money - that is the point! It'S not about a simple criminal coup. It is about the very system.

Gold is manipulated mainly for profit, same as silver diamonds oil or any other tradable material.
If seashells were a major valuable commodity then they would also be manipulated mainly for profit.

[Rockstar]

Originally Posted by Tribesman

Gold is manipulated mainly for profit, same as silver diamonds oil or any other tradable material.
If seashells were a major valuable commodity then they would also be manipulated mainly for profit.

Once upon a time seashells did have value and were actually traded for goods, lands and services. That is until Dutch colonists realized this and began mass-produceding wampum in workshops to the point that the market for wampum was glutted and effectively destroyed.

Now it's nothing more than 'fashion' jewlery.

Kinda like where the dollar is heading.