02/28/2015 - Obfuscation – one of the Pillars of Financial Repression
BMG Bullion Group’s Nick Barisheff writes a great essay on how the mainstream media omits facts & distorts the truth to suit their agenda – this is particularly true in the negative media barrage against gold .. “Anyone who cares to look outside of the mainstream media propaganda will conclude that the drop in gold prices was clearly an orchestrated event, first in 2011 with a one day drop of 7.2%, and then in April 2013 for an 8.5% drop. In the early morning hours of January 6th, 2014, 12,000 gold contracts representing $1.5 billion of naked short selling was forced onto the paper gold COMEX market. Without speculating about who did it or why, it should be obvious that no trader would sell that much gold into the market at one time, effectively minimizing their sales proceeds.” .. also highlights the connection between paper COMEX markets & the exchange-traded fund GLD, & how this ETF negatively affects gold prices in times of naked short selling (selling gold without physically having it) –LINK HERE to understand more about the GLD ETF & these problems .. Barisheff dismisses the obfuscation by maintaining “when the manipulation of gold prices can no longer be sustained, gold will skyrocket as the public loses confidence in all fiat currencies.” – see the recommended 20 minutes video below on this .. presents the following factual-based chart showing the positive effect of having gold in your portfolio – see left or link below.
