Yes Dear, Markets Are Rigged – Gold Goliath

Posted on :Sep 29, 2015

Updated 10-2-15

Gold see’s big gains in early a.m. trading Friday. Gold last reported is $1135.50 and silver is $14.95.

Silver demand continues to outpace current supply as the U.S. Mint reports it sold 14.26 million ounces of Silver American Eagle coins in the third quarter, the highest on records going back to 1986. Foreign mints including the Canadian and Perth mints are also limiting sales of their silver products due to inability to satisfy demand.

Now is the perfect time to move into silver as it still remains available below production costs.

Swiss mega bank, UBS, has reportedly been granted conditional leniency in a Swiss antitrust probe concerning possible manipulation of precious metal prices.

Global precious metals trading has been under regulatory scrutiny since 2013, when German banking regulator Bafin demanded documents from Deutsche Bank under an inquiry into suspected manipulation of gold and silver benchmarks by banks.

Switzerland’s WEKO said its investigation was seeking to determine if Morgan Stanley, Mitsui, HSBC, Barclays, Deutsche Bank, UBS and Julius Baer conspired to set bid/ask spreads. A WEKO spokesman said the investigation would likely conclude in 2016 or 2017.

It shouldn’t come as a surprise to anyone that virtually all markets are rigged by central banks and their cronies. Our own JP Morgan has been manipulating U.S. markets for more than a century. It’s important to remember that JP Morgan and the CME Group have also been rigging gold and silver prices through COMEX.

Don’t expect anything more than possible fines to come out of the investigation, if that. What we can do is protect a portion of our assets from global ponzi schemes with precious metals. While it’s true that prices have been hammered over the past several years by bankers, physical gold and silver are still better insurance than fiat currencies and paper assets.

Maybe this is why central banks are the largest holders of physical gold and silver and maybe this is the reason JP Morgan has been purchasing hundreds of millions of ounces of physical silver lately. Just a thought.

Give us a call to begin the process of securing a portion of your wealth. 1-800-577-3195 Ext. #1

Gold Goliath is not your typical gold dealer.

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