Fed involved in manipulation of the gold price

[jeff of pa]

Federal Reserve Admits Hiding Gold Swap

MANCHESTER, Conn.--(BUSINESS WIRE)--The Federal Reserve System has disclosed to the Gold Anti-Trust Action Committee Inc. that it has gold swap arrangements with foreign banks that it does not want the public to know about.

http://finance.yahoo.com/news/Federal-Reserve-Admits-Hiding-bw-2550373789.html?x=0&.v=1

 

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[Jeffro]

I've been watching GATA's progress for years now- thank God their sticking to it!

Feel free to move this one over here if ya want Jeff- I didn't see this category and it may be more appropriate here than "Everything Else".

http://forum.treasurenet.com/index.php/topic,273211.0.html

 

[ivan salis]

so people in the know have been holding down the price of gold for years * --humm is that why its been off to the races lately --now that their "positioned" properly to profiet off of it??

 

[Jeffro]

so people in the know have been holding down the price of gold for years * --humm is that why its been off to the races lately --now that their "positioned" properly to profiet off of it??

.


Pretty much, yes. But when they go to sell and make their money, they also devalue the buying power of that dollar. Its greed at all costs. And since we're dealing on a MUCH larger scale now....... who knows?

One thing I know for sure- gold is a heckuva lot more stable than dollars.

 

[goldsworthy]

so people in the know have been holding down the price of gold for years * --humm is that why its been off to the races lately --now that their "positioned" properly to profit off of it??

Don't worry they are fast running out of ammunition!. Soon their operation will fail and gold will soar!

 

[Jeffro]

I just thought of something on the way to store and back....

The US dollar is weakening, thus the selloff to hold the gold price down and stabilize the dollar.

But what if, and mind you this is a big what if, they sold the gold to an emerging market like China? The Yuan is rising against the dollar, as their economy takes off. China has already made an offer on the entire amount.

This would still stabilize the dollar in the short run, as supply would meet demand and the price rise of gold would stall for a short time. But when it takes off again and there is no more gold to sell? What then?

 

[ivan salis]

they hold the gold and milk the market --they are letting its price , go up a bit so folks "cash in" their gold . -- then they sit on all the cashed in gold as gold sky rockets thru the roof value wize with the folks who sold their gold for mere paper money left holding the now near worthless devalued paper money that they got for their gold thinking they were profiting by selling it. --oh the ultra rich "money mongers" play some very very nasty mind games with folks via the markets.

 

[Jeffro]

they hold the gold and milk the market --they are letting its price , go up a bit so folks "cash in" their gold . -- then they sit on all the cashed in gold as gold sky rockets thru the roof value wize with the folks who sold their gold for mere paper money left holding the now near worthless devalued paper money that they got for their gold thinking they were profiting by selling it. --oh the ultra rich "mpney mongers" play some very very nasty mind games with folks via the markets.

Thats just it Ivan- the bigwigs (in this case the IMF) are the ones selling! 403 tons to be exact, and China has already made an offer on it. Check out the post in everything else. True- the fed has been manipulating the price for years now, but now with the dollar wavering, they figure they have to flood the market a bit to keep the price in check again. Only now its gonna be tons of gold to balance everything out, supposedly. This is something along the lines of 20% of their holdings, depending on how accurate the figures are.

Question I'm asking is this- instead of selling that gold for US dollars, what if they sold it to China for Yuan- figuring with their emerging economy the Yuan can only go UP against the dollar? I personally think it's gonna trash the dollar if that happens. What do you think?

 

[FISHEYE]

The Federal Reserve stole all the gold that was at fort knox.All they have to do is dump it all on the market and the price of gold will bottom out.

The Federal Reserve is a virtually unregulated institution that has the power to create money out of nothing, backed by the IRS and your wages, and charge interest on top of it. A bill in Congress, H.R. 2755, would change this by abolishing the Federal Reserve. Urge your Representatives in Congress to support this measure and help bring back a sound currency.

Congress created the Fed in 1913, the same year America was saddled with the income tax. The legislation that created it was written during secret meetings between the elite of the banking world on Jekyll Island. The museum that stands there today, now a Georgia State Park, names the conspirators in attendance.