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God's money, Gold verses satans money, beast dollars. satans war on Gold from 1980. his attempt to smash Gold so that none could deal without t

 
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God's money, Gold verses satans money, beast dollars. satans war on Gold from 1980. his attempt to smash Gold so that none could deal without t
phillips

The second step was to manipulate the gold price downward so it lost its credibility as the money of last resort a place the $ wanted to take. The first steps were to sell it in such large quantities that its price fell dramatically and it became volatile.



1) First the U.S. held auctions of large quantities of gold, but the demand for this gold was overwhelming, so that didn’t work. Have no doubt in your minds that this was a blatant attempt to manipulate the gold price down. It was the first in a series of manipulative moves against gold.

2) The next step in the downward manipulation of the gold price was to make the I.M.F. sell other peoples’ gold in the same manner as the U.S. did, announcing the sales well in advance, to ensure the greatest downward pressure on the price. This again did not work very well because of overwhelming demand and those sales also stopped, without achieving this target.

3) This attack on gold was not convincing as the selling bodies retained the greater bulk of their gold, with no intention of selling it.

4) A new way was found to discredit gold by a rising number of Central Banks [supportive of the intentions of the $] fully aware of the importance of ensuring the paper currency world was not threatened by gold. This was to loan gold out to gold mining companies that needed to finance gold production. These gold loans allowed producers to sell this borrowed gold into the forward market at high prices at a time when the price of gold was falling and collecting the ‘contango’ – the higher price for gold as it also contained an interest payment. Then with these proceeds financing their mining operations they had few complaints. It accelerated the production of gold at a time when it should have been dropping in line with the falling price, while allowing mines to profit from past high prices. The volume of gold to reach the market rose dramatically as these moves did accelerate production. This was blatant interference and manipulation of the gold price and the market for gold and led to the price of gold dropping from its peak of $850 down to the low price of $276, at which price Britain sold its gold.

5) Today we are in the eighth year of the Central Banks Gold Agreement in which they set the ‘ceiling’ of gold bullion sales. This is an attempt to manage the sales in a transparent manner. But it has turned from aggressive overhang of gold in the market place [with the persistent threat of government sales] to a tamed set of sales which are almost encouraging the gold price to rise, but without the volatile ‘spikes’ as seen in the past. But this is a form of manipulation that is waning. As such it almost encourages gold purchases, which are starting to be seen even amongst Central Banks.



The entire nearly 30 years has been a campaign of gold price manipulation to the downside. We have no hesitation in saying that the gold market has been subject to a decades’ long campaign not only to discredit it, but to manipulate it completely. But a change is coming.





GLP