What happened to gold prices last night?
With all of the market manipulation, paper markets and central bank printing, it’s anyone’s guess what happened to gold prices last night, but here are some of the more logical theories that explain yesterday’s 500 ton paper gold sell-off:
- The paper gold market is collapsing, and smart money is dumping their paper before it’s too late.
- Central banks are manipulating the market to make fiat money appear to be the only sound safe haven.
- According to former Assistant of the US Treasury, Dr. Paul Craig Roberts, “the exchange value of the dollar is (being) threatened, and if that collapses the Fed loses control over interest rates. Then the bond market blows up, the stock market blows up, and the banks that are too big to fail, fail. So it’s an act of desperation because they’ve got to establish in people’s minds that the dollar is the only safe place, it is the only safe haven, not gold, not silver, and not other currencies.”
The Federal Reserve is “trying to destroy gold as a haven from the dollar in order to carry on the Fed’s policy of negative real interest rates.”
trying to destroy gold as a (safe) haven from the dollar in order to carry on the Fed’s policy of negative real interest rates.