“Largest Evidence Ever” Uncovers – Central Banks Manipulating Gold

To date; the greatest amount of proof implicating central banks being behind massive gold market manipulations has come out. This outbreak of information is now worrying Western central banks. The reason, this information was confidential; access to this information was supposed to be restricted, the public was never ever supposed to have access to it.

A confidential IMF report with the words “Document of International Monetary Fund and Not For Public Use.” across the top of the 1st page, is probably going to be the most solid, reliable piece of evidence, which admits guilt, that will ever become public. This document directly connects central bank activities to being secretly involved in gold market manipulations.

In March of 1999 this report was drafted and given to the executive board of the IMF for improvement on accountability within the IMF staff, regarding world central bank accounting practices. The report points out how the IMF staff was planning to require central banks to differentiate their gold reserves from their gold swaps and gold loans for the purpose of accountability to show the world exactly how the gold reserves of Western central banks were to be disposed.

Furthermore the report went on to explain that central banks would be required to show accountability on all gold swaps & gold loans, at which point, they all became terrified. IMF staff argued against these types of accounting requirements upon their gold reserves. Their reason was because to disclose the activity of gold swaps or loans would be “Highly market-sensitive” impeding with their “secret interventions in the currency markets”. This is a direct admission of guilt.

Bottom-line; the main reason for this gold trading is to manipulate markets. It’s an admission of guilt, stating that gold swaps or loans are required to be concealed, in order to facilitate the rigging of gold markets being done by Western central banks.

Read this confidential IMF report in its entirety, in PDF format, on GATA’s website.

Authorization of secrecy for gold loans and swaps

Warning, Fed To Print In Excess of $1 Trillion Per Year – Buy Gold & Silver NOW!

Last week during the FOMC meeting the Fed re-confirmed the monthly purchase of $85 billion in government paper, which adds up to over $1 Trillion per year being added to America’s national currency supply. Japan is now printing excessively too, as their yen is being destroyed. Just about every major economy the world over, now has their printing presses going full-tilt.

As money continues being printed in excess, at some point it’s going to be used as fuel to keep houses warm in the winter, or used as toilet paper. Just as the German marks were used in 1923 during the hyperinflation of Weimar Germany.

Most people do not realize the sum of $1 Trillion dollars, to get the full impact of this staggering number, take the number 1 and add 12 zero’s after it. Within America, a vast number of the population is lucky to even have $500.00 dollars in any savings, many more either have far less than that or nothing at all. It’s pretty difficult for the average person to actually indentify with such a vast number.

Slowly gold is coming to the forefront, mostly out of desperation. Now there’s a sense, a feeling, about gold where before it was well hidden. Paper currencies have completely taken over the world’s economies. This reason alone is the principle for driving governments and central banks to actively manipulate the price of gold. Sadly this has become the “new normal” way to operate. The world is heading towards an inflection point to where all manipulators will ultimately have to give up.

With gold currently has traded around $1,695 and silver at around $32.20 over the weekend, these prices are at super bargain rates. Gold is headed towards $10,000 while silver will exceed $200 there is no doubt in my mind about reaching these numbers over time. We can thank central banks, governments and all the manipulations past and present for this.

In reality gold and silver are real money, sound money that will withstand everything. They will maintain their purchasing power while continuing to hold their true value against all odds. Opposed to any and all fiat currencies that will be guaranteed to continue losing their value and purchasing power over time, up until the point they all finally fail. Holders of physical gold and silver will have protected their wealth and purchasing power while all others flounder.

Another caveat to mention here would be the ownership of quality Jr. Mining stocks. This is the only other gold or silver paper asset one can believe in. As you actually own physical ounces still in the ground. The mining equities have been sidelining a lot of money. With the market currently down it’s a great time to enter.

Remember, holding physical gold and silver or it’s in ground equivalent, are a safe bet. Abet, some risk will remain on the equity side. For those who are currently discouraged with the current market action both in the physicals and mining equities don’t be. Everything is now on auto-pilot for the destruction of the existing fiat currency system. You’re day is coming; it’s coming sooner than you think. Be Prepared!

 

Tom Genot –
 

Photo Credits: FBI Evidence Response Team By not stated (FBI Photosimage source) [Public domain], via Wikimedia Commons
 

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