The price of gold is down about $50 an ounce and silver is down about $1-$2/oz in the last week or so. We were told that the prices would go up since Biden banned Russian gold. What's going on?
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In a nutshell....naked shorting by the banksters. They want to drive the price down as low as they can so they can buy up more of it. Nobody should pay attention to the COMEX paper contract prices because they're bogus and manipulated. You can tell the true value of bullions by looking at the premiums being charged....add that to the spot price to get the best approximation. The other thing is this......silver/gold stackers should focus on their stacks as a hedge against inflation or something they can use to buy essentials when SHTF. If you're in it as an investment, be prepared to endure the down cycles while shitbird cabal types continue their fuckery with price.
I only buy physical gold and silver. Until a few months ago, I had only bought silver. Kind of a bummer that I just bought some.gold, wish I had waited.
I think they are artificially keeping the price down to down play inflation. Gold price should be the one to hold fiat currencies accountable. If they were not artificially keeping it down gold should rise with inflation. If gold were to rise you would see a massive movement of people turning fiat into gold. A modern day bank run. The DS must prevent that at any cost for their own survival.