Never listen to the top elite banker like Goldman Sachs, HSBC, JP Morgan, Barclay Bank, etc. Just to name a few. They are lots of greedy people in there who manipulate the sentiments and market to their personal gain. Have you read their scandals recently how they manipulate the Lipor interest, commit fraud in trading, and even in money laundering...Yes, they get caught but no one is sent to jail...just pay the fine and walk away and continue the old dirty practices. Don't you know that most of them live in Manhattan mansion and live a high luxurious life.
Recently, most of the major elite banks call the top in gold cycle. Their intention is to drive the price down again. Are they also helping the government to suppress the gold price ? I bet they do after all they all in the same dirty gang. No government want gold to go up so that they can print unlimited amount of paper money. If everybody starts to trust Gold as money, then “confidence crisis” will shatter the paper money and all currencies will lose most of their value. Cost of goods will then sky-rocket which would bring about severe crisis like – high inflation, interest hike, economy collapse, hardship, high un-employment and even riot and bloodshed in the street.
That is true they have the power to suppress the price of gold and silver but only on short to medium basis. On long term basis, they can’t control the market as at the end of the day, it is the market forces- supply and demand determine the price and value. I still remember when Oil price hit almost the peak of 130, Goldman asked investor to jump into buying oil futures and oil stocks. Guess what happens after their call, oil price in a few months later drop to $37 per barrel. What a BS!
Regarding what is currently happening in the gold and silver markets, veteran gold analyst Jim Sinclair ( nick name Mr Gold ) appears to know something in advance in regard to next move of gold price suppression. On October 21, 2012, Jim Sinclair had warned subscribers the bullion banks were going to push gold prices lower. yes, it is happening now.
Whatever the case to be, strong gold price will come back – it is just a matter of time. Simply because the economic foundation sit on debt based economy will not withstand the heavy weights of the astronomical debt that is rising. U.S. is heavily in debt of 16.6 trillion...
Remember, when you add up government, corporate, personal, unfunded liabilities and obligations, the debt are amounting to $145 trillion. Based on that, the actual debt-to-GDP ratio rises to something on the order of 400% . That also comes to approximately $328,404 for each and every household in the United States.
Astronomical debt kills the nation. Can you imagine how much is one trillion?
“If you spent a million dollars a day going back to the birth of Christ, that wouldn't even come close to just one trillion dollars — $145 trillion is a staggering figure.” Rep. Darrell Issa, R-Calif.
Chairman of the House Committee on Oversight and Government Reform
In the video (that went viral) posted on YouTube, Tony Robbins uses a fun illustration to help put in perspective how large a “trillion dollars” really is. If you had a million seconds to do something, would you consider that to be a long time? Well, it turns out that a million seconds is only about 12 days. What about a billion seconds? Is that a long period of time? Well, yes, a billion seconds is close to 32 years. So that is definitely a lot longer than a million seconds. What about a trillion seconds? How long do you think that is? Well, a trillion seconds is about 31,688 years.