Gold Price Manipulation: How it's done and will it continue? Insights from Jim Rickards

Jim Rickards argues that the price of gold is manipulated. Today, we examine his view on gold price manipulation, how it occurs and whether the suppressing of gold prices can be sustained. After all, if you’re buying gold you want to understand all of the factors that can influence its price.

We then explore arguments made by Real Vision Co-Founder Grant Williams exploring the gold leasing mechanism which he likens to a pyramid scheme.

Taking on board the views of these experts we determine whether gold price manipulation can be sustained.
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[milesharris]

"Central Banks stand ready to lease gold in increasing quantities should the price rise." Alan Greenspan, Senate Testimony 1998.

[michaelparnell]

I would love a physical delivery demand by everyone at once! Let’s get this over with!

[fmagalhaes]

Speaking of gold runs, there was on in the late 1960’s/early 1970’s. It effectively ended the Bretton Woods monetary system as on 15Aug1971 the US dollar was no longer convertible to gold..

[getmartincarter]

Very interesting expose on the Bank of England gold holdings. Check out the High court case Government of Venezuela v. Bank of England a case where the BOE has refused to return Venezuela’s gold

[cccmachine]

I personally like the LBMA and COMEX. They've let me stack a hundred Oz's of gld and thousands of slv. Without them I'd be lucky to have 1 and 10

[joederryjr]

That was a great explanation of the Gold buy back scheme !!!!

[yenriver]

@ 11pm Australian time, the gold goes south all the time without fail!

[lawrencethompson]

I watch the gold and silver increase over night and then when the COMEX opens in the morning the price spikes down. I believe this is over whelming circumstancial evidence of paper gold being dumped on the market for the purpose of manipulating the price of physical gold and silver down. I am waiting for all of these contracts to begin demanding delivery of actual gold. The price will take off to the moon.

[rafaelmaeso]

TOP Quality channel. Should be at 100k by year end. Im going long

[sgill]

Many substitutes brc gor gold. But I think btc can be manipulated just easily or no?

[douglascarlson]

Please do a segment on the derivatives bubble. That's when gold goes to the moon.

[shd]

I had to check the settings if the playback speed is slower than normal...

[rajgopinoth]

I'm surprised you failed to mention that there is a MASSIVE PM exchange in Shanghai as well.

There's a well-known theory that if China decides to raise the spot they can effectively Arbitrage metal for Fiat and in effect accumulate much more if they're able to get sellers to relinquish physical delivery. In fact if you look at a race to the bottom in Fiat, a Currency Reset based on gold backing by any percentage would be attractive to many contrarians and others that are questioning the fed and Central banking system sustainability

[MrLTiger]

I've been hearing about this for years and years. silver is still 17$ and absolutely nothing has happened. People who invested in silver have done nothing, and are desperately trying to rationalize their behavior with all kinds of nonsense. The reality is this is not a market, its a casino.

[douglascarlson]

Totally excellent. Really nice job. But here is a question worth asking because NOBODY else ever does:

In the event of dollar collapse, if we reinstate the gold standard and price gold to fit the above around supply to $10k to $50k per oz, will they allow those owning physical gold to cash-out at the new price, or will they do what FDR did to my father? Is it in their self interest to let us, at only 2% of the population ascend to a higher level of wealth when their actions suggest they want to bust us down once and for all?

[ryanmelvey]

this is essentially predicting a bank run. but banks continue to operate with low fiat reserves as well, and governments always step in to keep it going

[xp]

Take a shot of tequila every time he says "gold".

[vdm]

I'm tired of the UK and USA influence

[SuperHady]

Thanks, interesting to watch how they smash gold future and spot price everyday Same hour. Wallstreet Pre market. Big players can't beat them so they join them.

[retro]

So reap the reward of their arrogance and buy physical while you can and avoid the paper market at all cost