Market Manipulation in the Precious Metals Markets – Living in a Rigged Game
I know it is frustrating understanding all of the reasons why the precious metals like gold and silver should be a lot higher in the markets and seeing the prices languish. We’ve had several videos here discussing market manipulation in the precious metals markets. It’s easy to get frustrated when a large player like the large banks manipulate the market so they can profit at the expense of the rest of us. Ten of the largest banks are being investigated by the Department of Justice for possible market manipulation in the precious metals markets. Read the story in Reuters by clicking here 10 of the largest banks are under investigation by the Department of Justice for possible rigging of the precious metals. For many years Ted Butler and GATA seemed to be the lone voices sounding the alarm. Read the Wall Street Journal story reporting this investigation of possible rigging of the precious metals markets by clicking on this link Wall Street Journal . So these rigging schemes may be coming to an end. We’ll see.
David Morgan has an interesting take on market manipulation in the precious metals markets. He says we are living in a rigged game. You shouldn’t burn yourself out getting mad and you shouldn’t be blase about it. You should be aware and when it presents an opportunity take advantage. So while some people are wringing their hands about the low price of precious metals others are taking advantage of these bargain prices to snap up Silver Eagles, Canadian Maple Leaves, rounds, bars and junk silver, etc. They are taking advantage of the low prices to buy physical precious metals. The enduring value of precious metals is something I believe will allow you to build up a store of wealth whose value can’t evaporate like a fiat currency or financial derivative with counter party risk.