Below are some key words on the subject by Brad Hoppmann. He is a key analyst within Weiss Research , an institution which International Banks and Governments listen to .
Even International Credit Rating Agencies stop and reflect when Weiss produce their own bank ratings .
And there's one thing you can bet your life on --- if Weiss claim evidence of markets being rigged , nobody in their right mind takes issue .
Weiss have been getting it "spot on" for over 80 years .
QUOTE
From China comes a newly launched direct competitor to the London Gold fix, which sets the price of gold and where the large majority of the world’s gold trading is currently done.
The thing is, the London Gold Fix consists of a group of self-interested banks which set the price of gold for buyers and sellers using paper contracts.
In other words, gold trades are made using electronic contracts, NOT in markets where the physical metal is actually purchased by people who take possession of it.
This allows Wall Street banks to trade gold without actually having to show proof they own the physical gold they’re trading.
And I believe these big banks have used this loophole to illegally manipulate the price of gold over the past six years.
In fact, we've found evidence completely exposing this scandal, and the names of the conspirators involved, as well as proof The Fed has been supporting this conspiracy all along.
Here’s the truth: The gold markets have been rigged and investors like you paid the ultimate price for it.
But the Shanghai Gold Fix will deal in physical gold only, meaning the price of gold will reflect its true value.
In other words, gold is about to skyrocket.
I believe we could see $5,000 an ounce within the year, and even $7,000 to $10,000 not far after. END QUOTE
Of course , many like me find this doubly hilarious because we are convinced that you could clean Fort Knox all week and still not come up with a few grammes of the yellow metal . That is , there has been no gold in Fort Knox for many a year ---- ask a German for their take on that matter !!!!!
So all you Gold , Silver and Brit Coin bugs can give a large round of thanks to the Shanghai Bosses when their actions mix with the panic reactions to failing western banks , and set prices off and up to the stratosphere .
Even International Credit Rating Agencies stop and reflect when Weiss produce their own bank ratings .
And there's one thing you can bet your life on --- if Weiss claim evidence of markets being rigged , nobody in their right mind takes issue .
Weiss have been getting it "spot on" for over 80 years .
QUOTE
From China comes a newly launched direct competitor to the London Gold fix, which sets the price of gold and where the large majority of the world’s gold trading is currently done.
The thing is, the London Gold Fix consists of a group of self-interested banks which set the price of gold for buyers and sellers using paper contracts.
In other words, gold trades are made using electronic contracts, NOT in markets where the physical metal is actually purchased by people who take possession of it.
This allows Wall Street banks to trade gold without actually having to show proof they own the physical gold they’re trading.
And I believe these big banks have used this loophole to illegally manipulate the price of gold over the past six years.
In fact, we've found evidence completely exposing this scandal, and the names of the conspirators involved, as well as proof The Fed has been supporting this conspiracy all along.
Here’s the truth: The gold markets have been rigged and investors like you paid the ultimate price for it.
But the Shanghai Gold Fix will deal in physical gold only, meaning the price of gold will reflect its true value.
In other words, gold is about to skyrocket.
I believe we could see $5,000 an ounce within the year, and even $7,000 to $10,000 not far after. END QUOTE
Of course , many like me find this doubly hilarious because we are convinced that you could clean Fort Knox all week and still not come up with a few grammes of the yellow metal . That is , there has been no gold in Fort Knox for many a year ---- ask a German for their take on that matter !!!!!
So all you Gold , Silver and Brit Coin bugs can give a large round of thanks to the Shanghai Bosses when their actions mix with the panic reactions to failing western banks , and set prices off and up to the stratosphere .
via International Skeptics Forum http://ift.tt/29M7XEQ
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