http://www.prisonplanet.com/banker-m...r-exposed.html
Steve Watson
Infowars.net
Tuesday, Nov 18, 2008
Commodities experts are in agreement that the price of gold and silver is being manipulated by bankers and government officials in order to halt a mass abandonment of paper currencies and the debt based economy.
The New York Post today carries a column by John Crudele declaring that there is a global run on gold coins and that demand is not being met by government mints.
“The price that the government charges coin dealers has recently been increased by as much as 10 percent for a 10-ounce coin.” Crudele comments, also pointing out that gold purchases that were easily filled immediately six months ago are now subject to two week waiting periods.
“There’s another more puzzling aspect to the recent gold rush.” Crudele writes, referring to the fact that the market price of gold is declining, despite the increase in demand.
Crudele quotes Bill Murphy, chairman of the Gold Anti-Trust Action Committee who states:
“Gold should be moving up… How could there be such a dichotomy between the historic high premium for coins all over the world and the low Comex price?”
Figures released by the Labor Department today show that prices of gold and silver tumbled in October by the most on record, with the gold price heading for its first annual decline in eight years.
Gold futures for December delivery declined $7.20, or 1 percent, to $734.80 an ounce at 9:33 a.m. on the Comex division of the New York Mercantile Exchange. Silver futures for December delivery dropped 4.5 cents, or 0.5 percent, to $9.285 an ounce.
Reports are attributing this to a dampening of inflation concerns, however Bill Murphy maintains that “the US government and the banks that hold bullion are intentionally keeping the price down.”
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