Manipulating Precious Metals

When will the Federal Reserve Bank, JP Morgan and the other "can't fail " banks stop manipulating gold and silver prices?

 

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They dont

 

Someone is definitely rollercoastering it around some.
Would be nice to give us peons a heads up, but I guess that would negatively affect their game.

 

Got that right!

 

They’ll do it until the end of time.

 

The flow of money is obviously from the small money people to the bankers over the long run. If a person wants to play, put your money in the bankers system instead of the raw material, they control more physical than the little people have money. A person could keep a small amount for short time emergencies. IMO Jim

 

Deleted.

 

The Chinese manipulated copper back in the late 80,s being in the A/C business
for over 25 years I saw the price drop from $1.00 to .50 cents overbite !

 

They do like their cash currently . This is an interesting read from June.

https://www.cnbc.com/2021/06/14/jam...-very-good-chance-inflation-here-to-stay.html

They point at PayPal like a kid in class caught by the teacher.

 

If the precious metal markets are indeed manipulated, and smart people know it is happening, smart people would be in a position to take advantage of it.

 

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Countries and big banks do the manipulating, and they do it when we are asleep,,LOL

 

I read a report on Kitco about a week ago. Said silver may fall by the wayside. Seems crypto will take its place in the sun. Still not giving up my little stash of the precious metal but it made me think we might be getting played big time. Waiting to see how things pan out next month when we can't pay our debts.

 

I dont know about the smart people?
But the ones in the know are definitely in a position to work the situation.

 

Lots of swings between 8 and 10 Arizona time.

 

No they don't. Its nothing more than an asset and the same thing that happens with every asset

 

Is China Buying Up Gold in a Bid to De-Dollarize? (marketrealist.com)

 

What is crypto backed by? Precious metals, "Full faith and credit of a government," or is it a Ponzu scheme?

 

You forgot about option #4
Speculative gambling.
It's only a problem when you're not winning.

 

Excuse my misspelling of Ponzi. Charles Ponzi was an Italian born swindler. Look him up on Wikipedia. If you trusted John Gotti and Al Capone, you will certainly trust Charles Ponzi.

 

Thank you, Kevin. My favorite hilarious phrase is "full faith and credit." of the government. Was this after FDR's confiscation of gold, LBJ's debasing of our coinage or Dick Nixon's taking the US off the gold standard?