RE:Response to Sinbob Yes, I read ‘The creature of Jekyll Island’ years ago. The scam is now 105 years old and it is rare that any fiat currency has outlasted that time frame as has the $US. The $US is now diluted/debased to less than 4 cents equivalent whilst gold was about $20/oz. then and is now $1250 ish in spite of being fraudulently manipulated. Imagine then the real price! … In dollars that are debased by 95%. The days of the western central banks collusion on gold was near end in 2002 when they ‘looked into the abyss’ and shat themselves so England sold out it gold for $275/oz. and sacrificed England’s safe haven gold … and the scam has continued to this very day by selling, leveraging 100 times and hypothecating all the gold owned and held by the U.S., England and most western countries (save France, Germany and Italy) have no gold and it is thought that the U.S. and England have even sold/leased the gold of other countries it has had in its care.
The bifurcated (paper vs. physical price) price of gold is ending.
This is an immense topic in itself. SO, when gravity is finally challenged, those central banks and sovereigns that now hold most of the West’s former vaulted gold (and the gold they have held for others) the gig is up. China is estimated to now hold anywhere from 20,000 tons of gold to well over 35,000 tons alone. India and Russia and others hold thousands of tons. The U.S has none of its supposed 8000 tons it had in 1950 and has never allowed an independent audit. The day the COMEX paper leveraged gold contracts are demanded to be settled in bullion, the deed will be done … and that someday is near. They are at the mercy of one large contract demand for gold instead of $.
JPM et al are not in it to scam off the top. JPM has never lost a trade in the PM markets for years, which in itself is a criminal fraud, but they have been given immunity by supposedly acting on behalf of the Gov. Also, whilst going short the metals, they have somehow accumulated some 600,000 ozs. of gold and over 700 million ounces of silver. Go figure! Imagine what that will be worth when a new gold price is reset for a new monetary system partially gold based when a major default causes a cascading, global debt avalanche Silver could be even better. They are looking at hundreds of $billions profit in stolen bullion. Are they out for themselves or in it for the U.S. gov/Fed?
That conclusion is that they are at the end of the physical gold and silver manipulation crime as we see the end of the $US hegemony unfolding before our eyes. They have no real gold to deal with and the East knows it. When will they call it in? When all the world’s fiat paper currencies are racing to the bottom of the western central bank’s debasement scam, its near over … as history has repeated over and over again. Gold is money and everything else is debt. Gold is the enemy of the western banks and the $US.