The American Empire in a Changing World


Monday, November 19, 2012

''Disregard current manipulation of precious metals''

From Gold Switzerland

''Every day 5,000 tons of silver and 650 tons of gold are traded in the paper market. This is an astonishing 25% of annual production of each metal that is traded daily. Currently there is clearly intervention to hold down the price of gold and silver at every important level. Like all interventions, this one will fail too. The paper market is massively short and would be incapable of delivering even a small fraction of physical gold or silver against their commitments.''

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