PM Manipulation (or is it the economy?)

[doogs]

Given the price of Gold and Silver today (and generally this year) do you think we are seeing price manipulation in order to allow the financial institutions to buy up huge quantities before a USD collapse or do you think PM prices are on a downward trend given the perception of an uplift in the global economy (traditionally gold and silver prices go down in a boom time)?

 

I myself am not sure. I've watched the series of Mike Maloney videos recently and, whilst not convinced of an Armageddon scenario just yet, I am mindful that history has some interesting insights into money vs currency.

 

I will keep on stacking irrespective of price at the moment (taking a longer term view of c. 10 years plus).

 

Thoughts?

[klacey]

I wouldn't be to surprised if its being manipulated at all. With all the gold being brought by india and china how is the price not sky rocketing. My opinion is that the economy will collapse and they will go back to basics, with all fiat being backed by gold and silver. They will need gold and silver to be valued at crazy amounts in order to do this. I see China taking over from US as the world bank.

 

Personally i think it has been coming for a while and the big governments have been making sure a solution is in place to limit the time SHTF scenario is short and painless. Thats why gold and silver has been so low, so China can scope it up by the truck load. Probably using US dollars too. lol

[Ares]

I'm of the opinion - as i've voiced elsewhere - that a generally improving global economy for the next few years and upward trends in stocks and property (the UK especially seems to be experiencing a mood of reading about house prices improving daily) will absolutely have an effect on the price of PMs. Manipulation might be having an effect, but historically PM prices go down when the economy is experiencing a boom because most of the major money dumps their holdings and moves elsewhere.

 

That's what I believe anyway.

[Shamatti]

It has been widely reported that gold has been manipulated for a long time now. I think we are seeing that now. Every time metals get to bullish they dive for a while. But they keep trying to come back. Someone is manipulating the whole lot and it will soon all crash down - exactly as planned!