How gold and silver are manipulated.

I have said in one of my posts that I will share with you what I find out about how the govt manipulated silver and gold price. Here is an important piece on how the govt is authorized to do it.

"streetmoney21 Comments (186) It's one thing to execute margin hikes in a timely manner to protect the market. It's manipulation when you have 5 margin hikes in one week where that has not happen[ed] for any other commodity (please correct me if I am wrong). If the COMEX had any integrity the margin hikes would have been done in a measure[d] way to not disrupt the market. In addition, the move by the CME was telegraphed to the banks as they shorted the market on the way down.




The gold and silver markets are highly manipulated and I challenge anyone to come up with a legitimate counter backed with tangible proof that can be seen by the public to the point I am about to make. No one has been able to do it so far and the highly believe the author of this article will not be able to come up with an intelligent response to my claim.



The Fourth Coinage Act was enacted by the United States Congress in 1873 and embraced the gold standard and demonetized silver. Silver was demonetized at the will of the Bank of California as they had key interests in controlling silver mines in the US and there is physical proof that money was paid to members of congress to include legislation in the act to in fact demonetize silver. This was the first key step to enslave every american citizen to a fiat currency. Gold became the only metallic standard in the United States, hence putting the United States de facto on the gold standard. Then in 1933, Executive Order 6102 had made it a criminal offense for U.S. citizens to own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins.The nail in the coffin was the United States Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury.The Gold Reserve Act outlawed most private possession of gold, forcing individuals to sell it to the Treasury, after which it was stored in United States Bullion Depository at Fort Knox and other locations.Then the US government perpetrated a crime upon its citizens because the act changed the nominal price of gold from $20.67 per troy ounce to $35.



Profits were used to fund the Exchange Stabilization Fund to use such assets as were not needed for exchange market stabilization (protecting the US dollar).The Exchange Stabilization Fund (ESF) is an emergency reserve fund of the United States Treasury Department, normally used for foreign exchange intervention (market manipulation). This arrangement (as opposed to having the central bank intervene directly) allows the US government to influence currency exchange rates without affecting domestic money supply (A.K.A. Market manipulation).The Gold Reserve Act authorized the ESF to use its capital to deal in gold (SHORT THE GOLD AND SILVER FUTURES MARKET) and foreign exchange to stabilize the exchange value of the dollar. PROVE MY WRONG!



The ESF as originally designed is part of the executive branch not subject to legislative oversight. Decisions of the Secretary are final and may not be reviewed by another officer or employee of the Government. This means that the CFTC has no authority to monitor or regulate any transactions executed by the fund on the open market nor it's agents who execute the transactions for them (JP Morgan) hence the FT article about the silver manipulation case being dropped by the CFTC was recently published (done so in error).



Consistent with the obligations of the Government in the International Monetary Fund on orderly exchange arrangements and a stable system of exchange rates, the Secretary or an agency designated by the Secretary, with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit (GOLD AND SILVER FUTURES CONTRACTS) and securities the Secretary considers necessary.



The markets are being suppressed to protect the dollar, which is being used by banks to rob american citizens of their wealth through inflation and income tax, all sanctioned and supported by the US government. Gold will be a tier 1 asset next year and commercial banks will be able to buy gold without having to keep reserves for it because it is consider[ed] zero liability. When banks start buying gold to use as collateral the price will soar and QE has nothing to do with this (China does as they continue to quietly stack 100's of tons of gold). People are waking up and understanding what is really going on hence the growing demand for physical gold and silver as the same crime is being committed globally.



This is why the CMEgroup allows gold and silver contracts to be settled in cash with details of the transactions not disclosed. If deliveries were mandatory prices would be a lot higher.



As crushing debt pushes US society deeper into serfdom gold and silver will continue to rise with no end in site out of the reach of ordinary citizens. Gold and silver are very misunderstood by many who try to write about it. Gold is more than just a metal and you have to [have a] deep and in depth knowledge to write good articles about gold."   AJ adds: The US and British governments control the price of gold and silver in order to be able to print fiat currency and engage in deficit financing. Buying on margin, shorting  and paper contracts allow the govt to rip us off.