Physical Gold Will Soon Break Free From The Paper Market In Spectacular Fashion

• Physical Gold Will Soon Break Free From The Paper Market In Spectacular Fashion
  by Brandon Smith, http://alt-market.com/
  Not long ago, the idea of gold and silver market manipulation was considered the realm of “conspiracy theory”. Alternative economists and precious metals investors were often accused of “wild imagination” or bitterness when it came to long periods of stagnation in the market. Despite a considerable amount of evidence to the contrary, our suspicions were not being taken seriously.
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  Fast forward to 2019, which was the year of vindication for all gold bugs. Multiple banking entities had been implicated in gold and silver market manipulation, including JP Morgan. It was no longer a “theory”; now it was fact. The problem is, whenever these institutions get caught illegally undercutting the market, they get a fine, at most. Essentially, they receive a slap on the wrist and then go right back to strongarming metals.
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  I think it’s important to note that when manipulation does occur, it is almost always to suppress prices, not to rally them. Why is that? Well, this is where we can only speculate, but there are a number of reasons why international banks and central banks would want to keep metals prices under control.
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  For example, precious metals act as investment competition against equities as well as currencies. Suppressed metals prices push investors into other assets like stocks or the dollar, giving a temporary boost to flailing markets.
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  In my article ‘The Eternal Relationship Between Gold And Global Crisis’, I outlined the long history of gold price spikes following international disaster events. But I also pointed out that metals manipulation by banks is almost always a factor before prices rise. In 1962, when the Cuban Missile Crisis triggered record demand for gold on the London market, central banks utilized price suppression through selling of reserves in a policy called “The Gold Pool”. This was intended to force investment back into the U.S. dollar.
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  The agenda against gold might not always be designed to boost stocks or the dollar, however. I suspect that in some cases, the goal of the banking establishment is to increase pain by suppressing safe haven assets, cornering investors into stocks and weak currencies and then crashing markets on their heads.
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  I’m sure most metals enthusiasts have been watching closely in recent weeks as gold and silver prices exploded while the coronavirus pandemic spread. This drove up demand for safe haven assets, only to have them suddenly plunge last week in a violent downturn. Some will argue that this is a natural consequence of a deflationary environment, but the price drop was actually triggered by a $3 billion dump of gold futures timed perfectly to undercut momentum.
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  read more.

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