The Gold Conspiracy

QUESTION: Mr. Armstrong; your position is that the metals are not suppress by manipulation. There have been 3 major investigations into silver market manipulation of which each concluded there was no manipulation because COMEX silver was not out of line with the “Silver Fix”. Some say that this was a fake investigation and with the London fixings regarded as rigged then they lose their criteria to argue silver is not manipulated. Would you care to explain?

ANSWER: The test is by no means with the London fix. There are short-term manipulations in and out and they have ALWAYS been on the upside. There is no profit in suppressing the metals. The metals dealers want bull markets the same as stock brokers for then they do a lot more business.

These conspiracy theories are generated by people who have no historical understanding of market movements and only look at the entire world through the biased eyes of metals. Here is an old chart of the Dow Jones Industrials. You could make the same argument that it was suppressed in some sort of conspiracy until the start of this 51.6 Yer Private Wave in 1985.

I was blamed for creating the Takeover Boom of the 1980s because I advised many of the takeovers. I showed these charts at numerous conferences back then and argued the Dow would move into a Phase Transition rising from 1,000 to 6,000 in just a few years. After 51.6 years of a Public Wave, people believed in government and not the private sector. Bonds and Pensions were the future. Stocks were for speculators. The book value of the Dow fell to its lowest point in 1977. I argued you could buy a company, sell its assets, and more than double your money. That meant there was NO WAY the market was overpriced.

You do not need sinister groups to suppress markets. They do it all by themselves. When people turn and finally notice a market that is undervalued, it bursts into a Phase Transition. This nonsense that ONLY the metals are suppressed are absurd. It is not true and they are nothing but EXCUSES coming from people who are not unbiased analysts. I am sorry – it is pure bullshit.

I had tapes on EVERY market manipulation which were seized by the court to protect the banks. They were routinely into market manipulations of everything. Salomon Brothers got caught manipulating the US Treasury auctions in 1991. There was the LIBOR scandal. There was nothing they would not manipulate for a quick buck and move on to the next. There was ZERO profit in suppressing the metals perpetually. The whole argument is generated simply by people who do not understand how markets function. The Dow was suppressed for 51.6 years by the people whose CONFIDENCE resided with government. That is starting to flip now.

But this nonsense will turn off more people and harm the metals because people do not want to be associated with goldbugs who now the MAJORITY see as people with tinfoil hats who project silver and gold at $100.000 and ounce yet everything else remains the same.

When we say “buy”, our clients know it is an unbiased forecast without the tinfoil. There are people who enjoy being victims. It is very strange. It is not about making money, It is about punishing others because they themselves do not understand life. No worries. Government, like all lifeforms, eventually die. To survive, you have to understand the game. Better to see reality that live in a dream world waiting for something that takes decades.