Tag: gold price manipulation

Finally. Proof that precious metals prices have been manipulated…

Guest Post by Simon Black

Some time in the mid 3rd century BC, King Hieron of the ancient Greek city-state of Syracuse (in modern day Sicily) ordered a local goldsmith to forge a new, beautiful, golden crown.

But when Hieron was presented with the crown, it didn’t feel quite right.

The King suspected that the smith had put some of the gold in his pocket, and instead fashioned most of the crown out of lesser metals. But this was just a suspicion. He needed proof.

So he approached the smartest scientist in his kingdom– Archimedes– and asked him to figure out whether or not the crown was actually made of pure gold.

Continue reading “Finally. Proof that precious metals prices have been manipulated…”

The Trend Change In Central Bank Gold Reserves in 2008 That Few Have Noticed And Fewer Acted Upon

Guest Post by Jesse

This excerpt below is from a blog which I published in 2013.   It is a theme that I have been striking since 2009 specifically.

The turn in central bank gold buying came in 2008, although the bullish case for gold for other reasons became pretty obvious in 2002.

The bottom in the gold price was marked when England sold its remaining physical gold, in the notorious ‘Brown’s Bottom.’

By 2009 the data made it completely clear that the world’s central banks had turned from net sellers of gold bullion in order to control its price and had become net purchasers of physical gold for their own reserves.

Demand has been led by ‘the New Silk Road.’

Continue reading “The Trend Change In Central Bank Gold Reserves in 2008 That Few Have Noticed And Fewer Acted Upon”