Thursday, 20 November 2008

Banker Manipulation Of Gold And Silver Prices Further Exposed

Commodities experts are in agreement that the price of gold and silver is being manipulated by bankers and government officials in order to halt a mass abandonment of paper currencies and the debt based economy.

The New York Post today carries a column by John Crudele declaring that there is a global run on gold coins and that demand is not being met by government mints.

"The price that the government charges coin dealers has recently been increased by as much as 10 percent for a 10-ounce coin." Crudele comments, also pointing out that gold purchases that were easily filled immediately six months ago are now subject to two week waiting periods.

"There's another more puzzling aspect to the recent gold rush." Crudele writes, referring to the fact that the market price of gold is declining, despite the increase in demand.

If you have stock, I have heard that it might be a good idea, if you can, to have 5-10% of your wealth in gold. At the moment it might be a good idea to have a higher percentage.

[Posted at the SpookyWeather blog, November 20th, 2008.]

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