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Friday, November 21st, 2008

Posts Tagged ‘ precios metals ETF ’

Price Manipulation Means Gold Is Selling at Extreme Value Now

Sep 3rd, 2008 | By Jon Herring | Category: Featured, Financial News

You don’t have to look to obscure charts to know that gold price manipulation is happening, says Jon Herring in Investor’s Daily Edge.

Alan Greenspan gave the game away before Congress when he said, “central banks stand ready to lease gold in increasing quantities should the price rise.” He was telling Congress that the leasing of central bank gold was to suppress the price of gold, not to earn money on a dead asset, as officially stated.

This manipulation, plus reported shortages in physical gold, means the yellow metal represents extreme value right now.

Tags: Citigroup Inc, FNM, FRE, Gold Etf, Gold Prices, GS, investing in gold, investing in silver, Jon Herring, JPM, precios metals ETF, US Banking, US dollar
Posted in Featured, Financial News | 1 Comment »

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