The Central Banks’ Role in Crashing Gold & Silver: Jim Rickards Explains

by | Sep 30, 2023 | Gold IRA | 5 comments




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WOW! So Here’s Why The Central Banks Just Crashed Gold & Silver – Jim Rickards

The world of finance was left stunned last week as the price of gold and silver crashed overnight. Investors and analysts alike were scratching their heads, wondering what could have caused such a rapid and dramatic drop. Well, according to renowned financial expert Jim Rickards, the answer lies with the central banks.

In a recent interview, Rickards detailed how central banks, especially the Federal Reserve, have been manipulating the gold and silver markets for years. He believes that this sudden crash was a deliberate move by these institutions to maintain control over the global economy.

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Rickards argues that gold and silver are often seen as safe-haven assets during times of economic uncertainty. They provide a hedge against inflation and financial instability. Central banks, however, view these precious metals as a threat to their power. By driving down their prices, they can discourage investors from seeking refuge in gold and silver, and instead, keep them reliant on fiat currencies.

But how exactly do central banks crash the gold and silver markets? Rickards explains that they use various tactics, including short-selling and manipulating futures contracts. By flooding the market with paper gold and silver, the supply increases, causing prices to plummet. This forces investors to sell their physical metal holdings, further exacerbating the downward spiral.

Furthermore, Rickards points out that central banks have been stockpiling gold while suppressing its price. This has allowed them to accumulate massive amounts of the precious metal at lower costs, increasing their reserves and strengthening their position in the global economy. By crashing the gold and silver markets periodically, they can keep the price artificially low and continue this accumulation strategy.

The implications of these actions are significant. Rickards argues that the manipulation of gold and silver prices undermines confidence in the financial system. If investors can no longer trust the markets to reflect the true value of assets, it could lead to widespread panic and a loss of faith in fiat currencies. This, in turn, could cause a major global economic crisis.

So, what can investors do to protect themselves from these central bank maneuvers? Rickards suggests diversifying their portfolios. While gold and silver may be manipulated, other tangible assets like real estate, land, and fine art can still provide stability during uncertain times. Additionally, investing in cryptocurrencies like Bitcoin, which are independent of central bank control, could offer a viable alternative.

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It is clear that central banks hold significant power over the global economy. Their ability to manipulate gold and silver prices highlights the need for greater transparency and regulation in the financial sector. As investors navigate these turbulent waters, it is crucial to stay informed, diversify holdings, and seek independent alternatives to fiat currencies. Only then can we truly safeguard our wealth in an increasingly uncertain financial landscape.

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5 Comments

  1. Roy Hamill

    You were wrong.

  2. Katrina Carson

    This is Sept 2023, not sure why video states 1 day ago?

  3. Supreme Pizza

    I like deflation… and prepared.

  4. Andor Koval

    Maybe $1000 a oz that’s all it’s worth.

  5. Eric Matt

    At a time when timely information is so critical for us to be making decisions about our economic financial future why on Earth would you publish this 12 month old video again as if it was new information? Your show is permanently blocked to my view goodbye

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