The United States would rather reveal its nuclear secrets than what it is doing in the gold market. – Chris Powell, Treasurer of GATA, on GATA’s inability to get information from the Treasury or the Fed under the Freedom Of Information Act
The U.S. Government has used up most, if not all, of this country’s physical gold holdings in order to manipulate the price of gold for the purposes of propping up the fraudulent U.S. dollar. When this truth is finally exposed for all to see, it will go down as the greatest scandal in the history of the United States.
The the entire U.S. system is a fraud. This fraud is rooted in the fraudulent representation that the U.S. Government still owns 8100 tonnes of gold. The U.S. dollar is fraudulent, backed by the “full faith and credit of the U.S. Government.” The $17+ trillion in Government debt issued in dollars is a fraud. This debt was issued absent the intent of every repaying it. It goes on and on…
You can ignore reality, but you can’t ignore the consequences of reality. – Ayn Rand
GATA’s Bill Murphy wrote a must-read article about the extreme manipulation of the gold market. It was published in GATA’s subscription site, LemetropoleCafe, and Bill was kind enough to let my reproduce it for everyone: It’s Much Bigger Than You Think.
Gold is real, honest money. Fiat currency and debt issued in fiat currency is not.
Speaking of gold and fraudulent businesses, I wrote two recent research reports that I think can generate easy and significant profits for stock investors/traders. In fact, the gold stock is green today with the sector down and the homebuilder stock is red. The homebuilder is even more overvalued on a relative basis now than it was at the peak of the housing bubble. You can access these reports here: Stock Research Reports.
One more point, although he may have made the assertion at some point, I have been unable to find any point in time for which Alan Greenspan said the gold is not money. As we know, Ben Bernanke made that assertion in front of Congress, amazingly with a straight face…