Gold's Price Suppression Hits Mainstream News Media
by David Tanner
Since the testimony by former London metals trader Andrew Maguire before the Commodity Futures Trading Commission last week, scores of articles have been hitting the mainstream press trumpeting the fact that JP Morgan, Goldman Sachs et. al., through their front organizations of the Federal Reserve and other central banks, have been suppressing the gold price for years now.

Wow, look who just caught up!

Before we go any further, let's answer one question: "Why would central banks care about gold’s exchange rate in the first place?"

According to John Rubino, former featured columnist for thestreet.com, "It is because gold is money, it is one of the yardsticks by which the world’s currencies—and the central banks which manage them—are measured. When gold’s exchange rate is low relative to the dollar and euro, central banks appear to be doing a good job of keeping inflation down and the value of their fiat currencies up. So part of the central banks’ motivation has no doubt been to keep exchange rates at favorable levels – by keeping gold undervalued – thus making their currencies and themselves look good."

With gold out of the picture, central banks, which are nothing more than front organizations for the private banking cartel, can continue to print money and pay interest on that money to the banksters.

Of course, all insiders know this ponzi scheme exists, but no one has the clout, or guts, to do anything about it as the banks own the politicians that oversee their activities. But, times are changing.

Maguire's testimony (video below) before the CFTC brought public the fact that there is a 100 to 1 ratio in the amount of gold futures that are traded to the actual amount of gold that backs those contracts.



In essence, the general population now can see, for those who wish to look, the emporer has no clothes.

With supply and demand determining the price of gold, being able to create imaginary supply via the futures markets has allowed the bullion banks to "manage" the price of gold to their benefit.

So, what is the bottom line here?

The price of gold has quadrupled in the last 10 years because those inside the market know that this supply of "paper" gold doesn't really exist. They have been buying physical gold and driving its price up IN SPITE OF THE FACT that the bullion banks have been doing all they can to keep the lid on gold's price.

NOW that hundreds of millions of people are getting in on this little secret, thanks to Mr. Maguire's testimony, we can expect much more investor demand for physical gold in the years to come. And, as we all learned in Econ 101, higher demand brings higher prices.

Avoid the future stampede and buy gold now, unless you have a moral problem with becoming rich.