Fund manager and market analyst Grant Williams, interviewed by Lars Schall
for Matterhorn Asset Management's Gold Switzerland, says he is certain the
gold market is rigged and that as investors realize that "paper
gold" isn't real gold, they will demand real gold and take it out of the
banking system, causing a big problem for the market riggers.
Williams says: "The stories of rigging in the gold and silver markets
are legendary. There are so many of them. Some of them are wackier than
others, but if the last three or four years have taught us anything, it's
that all financial markets are rigged and I truly believe they are. I've been
involved in financial markets for 30 years, and so if you want to tell me
that they can rig Libor, one of the key rates in the entire world, but no one
wants to rig the gold and silver market, I think you're out of your mind.
"I'm absolutely certain that the gold and silver markets are rigged in
some way, shape, or form. How deep that rigging goes and the actual mechanics
of it, I don't know. But you can see all kinds of strange behavior in the wee
small hours overnight. You can see trades being done which are clearly not
done by any kind of for-profit organization. So I think there is definitely
manipulation of the gold and silver claims. I think the Deutsche Bank
agreement is just the tip of the iceberg. Part of that agreement was that
they were going to share information a) about how the markets were rigged and
b) who else was involved, so I fully suspect to see a lot more news on that
coming out.
"Now, whether it makes the mainstream media or not, I don't know. I'm
continually confused as to why they don't report these stories because they
are so interesting, but unlike the rigging of Libor or foreign exchange
markets or the treasury market or any of the other rigged markets, when
people rig the gold market, they are rigging a claim on a physical asset
that's been money for 6,000 years. It's not a paper contract, and so if this
becomes mainstream, if people understand what’s going on in the gold markets
and they believe that some gold they believe they've bought is subject to
rigging, again, people are going to want to get their own gold, they're going
to want it allocated, they're going to want it in their own safety deposit box
outside the system, and it really just takes a few people -- the numbers are
extraordinarily small for people to say, 'OK, I'm going to take my gold out
of the banking system and I'm going to put it in a safety deposit box.'"
The interview is posted at Gold Switzerland's Internet site here:
https://goldswitzerland.com/grant-williams-oi...old-peak-sup...
