Gold and Silver $20 Trillion Market Manipulation for Buyers of 300 Billion Silver Ounces

By: Submissions

Mach M writes: Financial idiots and frauds who are trying to crash Silver & Gold price, they will crash world economy because Gold & Silver are the pillars of world economy and they are hedge against inflation. If the pillars are not strong and frauds try to break the pillars then the 200 storey building (world economy) will crash.

Rising stock markets and money printing leads to inflation so to fight high inflation $20 Trillion should be printed and given to Gold & Silver.

Farmers, fishermen, rural people have large quantities of Gold & Silver. I think everybody has 1 ounce Silver or 10 grams Gold.

How many people know about stock markets because 3 Billlion people survive on fishing and seafood.

Governments should give $20 Trillion to Gold & Silver. I do not see any problem here.

They have given $25 Trillion (plus) printed money to save the stock markets.

There are buyers for 300 Billion Ounces Silver but there is estimated 30 Billion ounces physical silver in this world.

There are 70 million millionaires in this world.

If 20,000,000 to 30,000,000 rich people invest $100,000 each in Silver and giant investment companies and banks invest $10 billion each into Silver then estimated $10 Trillion will be invested into Silver.

My coin shop says anyone who collects gold and silver he knows for the past 20 years are millionares. What does yours say? Talk to your local coin shop and then tell me that any PM is a bad investment.

My parents are not wealthy. But they do have a multimillionaire couple they are very close friends with going on 45 years or so. He made his money in commercial real estate. After the market crash in 1987 he went to almost all silver.

He owns so much silver since 1987 that he has it all stored in a Brinks vault and only buys (and has bought for a couple decades) 1000 ounce bars for space purposes.

If he's been buying since 1987 I can only imagine his DCA and the MILLIONS and MILLIONS of dollars he has made in profit.

Silver Price is Heavily Manipulated. Silver should be $100 to $150 an ounce Today

Read about CFTC report for Silver manipulation for past 4 years.

Gold/Silver reserves are grossly understated. You can rest assured that the oligarchs have a higher proportion of the precious metals under their control than they do the paper market. Look how perfectly the transition to precious metal currency has been setup.

Sheeple getting played like pawns as usual.

It is well known that JPMorgan short sells gold and silver in one day equal to the entire mining production of a full year. It is all a paper scam and will soon fall with those investing in paper gold and silver as the big losers.

If you do not hold it you do not own it...

The head of the CFTC

Statement of Commissioner Bart Chilton

U.S. Commodity Futures Trading Commission

Public Hearing on Anti-Manipulation and Disruptive Trading Practices

Washington, D.C.

Tuesday, October 26, 2010

I take this opportunity to comment on the precious metals markets and in particular the silver markets.

More than two years ago the agency began an investigation into silver markets. I have been urging the agency to say something on the matter for months. The public deserves some answers to their concerns that silver markets are being, and have been, manipulated.

The legal definition of manipulation under the law is a high bar to prove. It is a much different test than what the average person might consider as manipulation. Under existing law, to prove manipulation, the government is required to demonstrate not only specific intent; we also need to prove that as a result of the intent and market control, that activity caused an artificial price -- a point that can certainly be debated by economists.

Attempted manipulation is less difficult to prove -- requiring an intent to manipulate and some overt act in furtherance of that intent. There are also other violations of law that could contort markets and distort prices.

I believe that there have been repeated attempts to influence prices in the silver markets. There have been fraudulent efforts to persuade and deviously control that price. Based on what I have been told by members of the public and reviewed in publicly available documents, I believe violations to the Commodity Exchange Act have taken place in silver markets and that any such violation of the law in this regard should be prosecuted.

In saying this, I am fully aware of the prohibition from divulging trader names or information about their positions I am extremely careful not to violate the law in this, or any, regard. I also cannot pre-judge anything the agency may do with regard to our silver investigation, or any other matter.   O Baby O Baby, everything you need (my song)

Sincerely,

Mach

© 2011 Copyright Mach M- All Rights Reserved
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