Gold and Silver Price Controls
by Jeremy Pace
(Graham, NC, USA)
Suppression is stealth price controls, and price controls lead to diminished production and lack of supply. America had overt price controls in the early 1970s under President Richard Nixon; the US government today is not allowing open price controls, just suppressing the price of anything that challenges the US Dollar.
Gold, silver, and platinum mines are already shutting down because of rising electricity prices, worker riots over wages, and dictatorial governmental control. The prices of gold, silver, crude oil, and base metals do not reflect the amount of fiat currency printing in the trillions of dollars across the globe. The "shadow price" of gold "should be" between $5,000 to $100,000 an ounce, the gold-silver ratio "should be" 1:16 instead of 1:54, with similar corrections in base metals, rare earth metals, crude oil, etc.
Investors KNOW what do to - switch from an inflationary fiat currency into hard assets, aka Wiemar Germany. But the bad guys read the history books too, and are taking steps to reinforce the status quo at the expense of their citizenry. Thus the confusion of the investor, who know the Wall Street stock market is parasitical and a casino designed to rob them of their money. Now the US government threatens higher taxes on dividends and capital gains. At this point the investor is considering leaving Bank of America and going to Mattress & Trust, because MF Global or Lehman Brothers can happen to them.
So when the game changes to "find the pea under one of the three shells" and you discover that there is no pea to begin with, you have only one option: walk away.