How does manipulation of silver prices effect you? In this video with RT Capital Account’s Lauren Lyster, Mike Maloney talks about a mission critical topic for gold and silver investors – price manipulation. Governments and central banks around the world manage the action of markets to maintain an illusion of prosperity, but Mike calls gold and silver the “canaries in the coal mine.”
Mike talks about the economics of manipulation and how governments and investment banks collude to keep a lid on the price of gold and silver. When gold and silver rise, it is a sign that the governments and central banks of the world are beginning to lose their grip. By being able to sell contracts worth tons of silver in milliseconds, investment banks can control the price of gold and silver. The manipulation can be proven just by examining the price of gold. If you invested in gold during New York trading hours, you would have lost over 70% of your investment. If you were to be short gold during New York Trading and long during PM hours, you would have made massive gains. The manipulation is obvious; even governments agree that manipulation exists in the silver market, as Proven By GoldSilver.com’s Christian Garcia.