Saturday, May 7, 2016

Former U.S. Asst. Treasury Secretary says gold will go to $5000 and beyond when manipulation ends

Former Assistance Secretary of the Treasury Dr. Paul Craig Roberts spoke with Eric King of King World News on May 6, and reiterated his long-standing belief that the economy is and has been far worse off than the manipulated economic data is showing.  And that this manipulation goes well into the realm of gold suppression, where if bullion banks working in league with the Federal Reserve were to end their manipulation of gold, the price would explode to $5000 per ounce or higher.

Dr. Paul Craig Roberts:  “It’s entirely possible that if the Fed was not manipulating bullion prices, and if people realized the dire straits of the situation — that the Fed has created something like $4 trillion during a period in which the U.S. real GDP did not grow commensurately, such that the dollar is essentially devalued — then more people would want to own gold.  
And if the price wasn’t sat on by the bullion banks, then the gold price would explode.  It could go to $5,000.  The price of gold could go beyond $5,000… - King World News
It is this price suppression for gold that has led China to open the world's largest physical gold market, and implement their own new pricing mechanism just three weeks ago.  And when London and the Comex soon prove out that they have no gold to backstop their paper contracts which are the backstop for price determination in the West, gold will be released to seek its true market value, and skyrocket out from under a manipulation that would have already seen its price well above $3000 - $5000 since 2011.


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