THE GOLD LOWDOWN: Manipulation and Conspiracy

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  CJ Keleher
Altercurrent.com 

    If you were one of those dissuaded from saving in gold when the price plummeted 25% a year or two ago, than you’re probably not Indian or Chinese. Gold has never been coveted more than now in the two most populous nations of this planet. It is even being encouraged in China.

The Government in Delhi though discouraged buying gold when it raised import tariffs from 2% in 2012 to 10% in 2013 and the central bank has enforced a law stating all importers must keep 20% of their gold for jewelry. Gold imports have dried up and the metal Indians have turned to is its cousin, silver, where demand has doubled. One cannot look at the evidence and not surmise Gold is heading east with China and India importing record amounts of precious metals. Whether their government wants or not. Smuggling has skyrocketed in India and its neighbor Pakistan had to ban gold imports because of the demand.

In the West our financial ‘leaders’ see it differently. Ben Bernake, former Federal Reserve Chairman once said to the Senate Banking Committee “No one really understands gold prices.” Certainly, it could be said, the Western Bankers don’t want you too understand gold prices either. Isn’t Bernake, by stating such, insinuating that understanding the gold market is impossible. Chinese and Indian people realize how absurdly cheap the barbarous relic really is. Thus the Gold, ie Wealth, flows East.

In the West a propaganda war rages against owning physical gold. The Western Bankers have likely re-hypothecated their real gold because the ETF’s and paper trading gold is far more profitable than sitting on the physical bars. Those are melted down and shipped east. The banks are being sued for fixing the price. Did they fix it high or low is the question. Sometimes the paper markets trade more ‘gold’ in a day than is mined in a year ,and can manipulate the physical price by sheer weight of phantom paper ounces such as the 2013 collapse, begun by a massive sell of 500 paper tons.

They have done this in the previous years, to sustain confidence of an over-printed piece of paper, a fiat currency called the Federal Reserve Note. The United States Dollar. Sixteen trillion of these Dollars were printed since 2008. The source of the USD is the federal reserve and the federal reserve has proved and even state that,”These resolution plans are intended to help covered companies, the FDIC, the Federal Reserve Board and the Financial Stability Oversight Council better respond to the financial distress of a systemically important financial company.” Thus we have a central banking ruling North America that will bail out companies, select companies, but not the citizens it supposedly serves.

Gold is discouraged by these same select companies working closely with the federal reserve. Companies like Goldman Sachs whose representative Jeffrey Currie made statements like “Once we get past this stalemate in Washington, precious metals are a slam dunk sell at that point.”

Or Morgan Stanley, another corrupted titan of the Status Quo and the benefactor of $107 billion in 2008 from guess who, the Federal Reserve. They were calling for gold to drop to $1000 an ounce in 2013, but at the same time demand in North America for mint sales had quadrupled since 2007 to 42.675 million ounces in 2013.

At the same time in 2013 companies like Goldman Sachs were publicly telling the public to sell their gold, all the while they were buying record amounts themselves.

Remember when Germany’s Bundesbank requested half it’s gold, 674 tons of it, be shipped back for safe-keeping. The Federal Reserve, supposedly holding the German gold, returned a paltry 5 tons, which weren’t even the original hoard!
This suggests the federal reserve no longer has the German gold. Is this why they stoutly refuse an audit?