Check out Peter Schiff’s May Gold Letter released today. Peter addresses the topic that has been on the mind of every precious metals investor – gold price manipulation. Peter argues that even if gold is fixed, the real question is… does it matter? Plus, Casey Research shares the latest facts about silver’s fundamentals, Lampoon the System reveals how China hides its gold, and much more. Enjoy!
“We can’t ignore it anymore – the markets are rigged. The LIBOR scandal broke almost two years ago, and the banks found responsible for manipulating that key index are still dealing with lawsuits. Meanwhile, allegations of gold market manipulation have been simmering for over a decade and grew into an inferno after the spot price dropped dramatically last spring.
Yet I’m left wondering what the conspiracy theorists hope to accomplish. Yes, I believe in exposing truth for its own sake and that the individual investor should have the same opportunities in the marketplace as the big institutions. But with these conspiracists, there is often a subtext of, “Because the price is suppressed, buying gold is for suckers.” I think this conclusion is precisely wrong.”
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