Stuart Englert: Why Precious Metals Price Rigging Happens, How it Could End

TL;DR

Journalist Stuart Englert discusses his book "Rigged," which exposes the manipulation and suppression of gold and silver prices by governments and banks.

Transcript

i'm charlotte macleod with the investing news network and here today with me is stuart englert journalist and author of the book rigged exposing the largest financial fraud in history thank you so much for being here online with me today thanks for the invitation charlotte and thanks for inviting me on to investing news network of course and i'm ex... Read More

Key Insights

• 💵 The manipulation of gold and silver prices by governments and banks has a long history, with the need to defend the US dollar being a key factor.
• 🤑 The current unprecedented money creation and debt expansion are leading to rising precious metal prices, despite ongoing manipulation.
• 🙊 Precious metals mining companies are hesitant to speak out against price manipulation due to business ties and concerns about permits and funding.
• ❤️‍🩹 The end of precious metals price manipulation could occur through a significant increase in physical delivery demands or the introduction of a new price fixing paradigm.
• 🤘 Individuals interested in the topic should self-educate, evaluate their financial situation, and consider adding physical precious metals to their portfolios for wealth preservation purposes.

Questions & Answers

Q: How did Stuart Englert come to write this book on the manipulation of gold and silver prices?

Stuart Englert, a journalist with a background in investigative reporting, became interested in the topic after encountering the Gold Anti-Trust Action Committee (GATA) website. He decided to write the book when he realized the mainstream media was not covering the subject adequately.

Q: What are some key events that led to the manipulation of gold and silver prices?

After President Richard Nixon ended the international gold standard in 1971, the US government needed to control the price of gold to defend the US dollar. Another pivotal event was the start of gold futures trading on the COMEX in 1974, which became one of the primary methods used to manipulate precious metal prices.

Q: How does precious metals price manipulation look in the context of the current economic situation?

With the increase in global money creation and debt accumulation, precious metal prices should be rising. However, they are still being manipulated and suppressed. Price smashes and short selling on the COMEX are common tactics used to suppress prices, despite increasing demand and monetary expansion.

Q: What is the main argument against the idea of precious metals price manipulation?

Skeptics argue that precious metals price manipulation is a conspiracy theory or myth. However, recent developments, such as a federal prosecutor describing J.P. Morgan Chase as a criminal enterprise for manipulating gold and silver prices, and the US Department of Justice levying fines against banks for market rigging, prove otherwise. The evidence and documentary citations in the book debunk the skepticism.

Summary & Key Takeaways

• Stuart Englert, a journalist and author, discusses his investigative book on the manipulation of gold and silver prices and its impact on the financial system.

• The book delves into the historical events that led to the need for governments to control gold prices and how they do it through various methods, including the futures market.

• Despite the unprecedented increase in global money creation and debt expansion, precious metal prices are rising due to organized retreats by manipulators.