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GeorgeBaron
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>No Manipulation, After All? - Theodore Butler - Butler Research
Physical Gold and Silver are not manipulated by the COMEX.

1. The real price of physical Gold and Silver is just above the cost of production…. end of story.

2. People who tell you it should be many multiples above this price have a vested interest in selling Gold and Silver.

3. If the price of physical Gold and Silver was below the level of production then all the Gold and Silver production would close down unless heavily subsidised. (which it isn’t)

4. Gold and Silver can be pumped up in price by keeping it off of the market (i.e. diamonds) but can only be lowered by increasing the supply.

5. People believe the price of physical Gold and Silver is set by the Comex ‘paper’ market. Untrue. Gamblers at the Comex Casino can run the price up and crash the price down but ‘point 1.’ above will always hold.

6. Gold and Silver will generally increase in price as fiat currencies are devalued.


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Beginning of the headline :In the never-ending search to either verify or rebut one’s own findings, I’d like you to consider something different today. I’m going to ask you to set aside my highly specific allegations of wrong-doing in the silver and gold markets, mostly centering on JPMorgan, and focus instead on whether if what I allege is really wrong or even matters much. Even though my allegations are based upon data published by the CFTC and CME Group, I would ask you to put that aside and consider that I may have be... Read More
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