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Some thoughts about the manipulation of gold and silver prices.

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Published : December 30th, 2010
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  1. Unquestionably, the prices of silver and gold are manipulated.


  1. Today, technically, these metals are considered “commodities” and the CFTC is the government body that is supposed to oversee futures trading in these metals and prevent market manipulation; in practice, the CFTC has consistently turned a blind eye to the blatant manipulation.


  1. We must remember that there is a “Law” on the books that states that a company may legally withhold financial information from the public, when revealing that information would pose a National Security risk.


  1. In reality the manipulation of silver and gold prices is a constant currency manipulation and not a commodity manipulation.


  1. If the manipulation is actually a currency manipulation, something that goes on all the time, why is it not called that? Doing so would remove the two metals from the oversight of the CFTC and clear that body of the charge of negligence.


  1. The identification of the manipulation of the prices of silver and gold as “currency manipulations” would be highly inconvenient, for that would mean that gold and silver would immediately be officially recognized as currencies; such recognition would constitute a devastating blow to the rest of the world’s currencies since all of them are fiat money.


  1. The world’s monetary system will cease to exist the moment that gold is recognized as a currency, and silver is recognized as having monetary significance in addition to industrial uses.


  1. It is therefore necessary for the Powers That Be to continue to treat the precious metals as commodities and to divert attention, at all costs, from the fact that the precious metals – especially gold – are currencies; to allow law suits to go forward against the big banks that have participated in the “commodity manipulation” – law suits that will involve years of litigation which will finally be quashed with the Law that allows companies to withhold information related to National Security; the CFTC will be forced to bear the blame for negligent oversight of “commodities trading” and consequently one Commissioner after another will be fired as a ritual sacrifice.


  1. All of this, because: gold cannot be recognized as the world’s prime currency and the monetary component of the price of silver, of huge importance, cannot be acknowledged. See point 7, above.




Hugo Salinas Price

President, Mexican Civic Association Pro Silver

www.plata.com.mx/plata/








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Hugo Salinas Price is the founder of Mexico's Elektra retail chain. Hugo Salinas Price currently is retired from retailing and focuses on being a proponent of a sound financial policy for Mexico[1]. Salianas Price is President, Mexican Civic Association Pro Silver, A.C
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