Unveiling the Truth: The Central Banks’ Role in the Gold & Silver Crash – Jim Rickards

by | Sep 22, 2023 | Gold IRA | 1 comment

Unveiling the Truth: The Central Banks’ Role in the Gold & Silver Crash – Jim Rickards




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In recent weeks, the price of gold and silver has experienced a dramatic drop, leaving many investors scratching their heads and wondering what exactly happened. Well, according to Jim Rickards, a well-respected economist and financial commentator, the answer lies in a shocking revelation: the central banks have deliberately crashed the precious metals market.

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For years, conspiracy theorists have argued that central banks have manipulated the price of gold and silver to maintain control of the global economy. While these claims were often dismissed as baseless, Rickards has now provided compelling evidence to support such allegations.

In a recent interview, Rickards outlined several reasons why he believes the central banks are responsible for the crash. Firstly, he pointed out the highly unusual volume of gold and silver futures contracts traded on the COMEX exchange, which exceeded the available supply by a significant margin. This suggests that the banks flooded the market with paper contracts, effectively diluting the value of physical gold and silver.

Secondly, Rickards highlighted the sudden withdrawal of large institutional investors from the precious metals market. These investors, who typically act as a stabilizing force, abandoned their positions en masse, further exacerbating the downward spiral of gold and silver prices. Rickards believes that these institutions were likely coerced or convinced by the central banks to sell off their holdings, causing a chain reaction that ultimately crashed the market.

But why would the central banks go to such lengths to manipulate the price of gold and silver? According to Rickards, it all comes down to the struggle for global economic dominance. As the value of fiat currencies continues to decline, governments are increasingly reliant on the perception of stability offered by gold and silver. By suppressing their prices, the central banks ensure that their own currencies remain attractive and maintain their grip on the global financial system.

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Furthermore, Rickards argues that crashing the gold and silver markets is a means of maintaining control over inflation expectations. As prices continue to rise across various sectors of the economy, the central banks need to give the illusion that inflation is under control. By artificially suppressing the prices of precious metals, they can maintain the appearance of stability and prevent panic among investors.

While these claims may seem far-fetched to some, Rickards is a well-regarded analyst with a proven track record. He accurately predicted both the 2008 financial crisis and the recent market turbulence caused by the global pandemic. His insights carry considerable weight, and they cannot be easily dismissed.

So, what does this mean for gold and silver investors? Firstly, it provides a sobering reminder that the markets are not always free and fair. The actions of powerful institutions can have a significant impact on prices, and investors must remain vigilant. Secondly, it highlights the ongoing struggle for control over the global economy. As governments and central banks jockey for power, individual investors must carefully consider their own positions and adapt accordingly.

Ultimately, the central banks’ alleged manipulation of the gold and silver markets raises important questions about the nature of our financial system. If a coordinated effort to crash the market is indeed taking place, it undermines the integrity of investment markets and threatens the trust and confidence of investors worldwide. It is imperative that regulators and policymakers thoroughly investigate these claims and take appropriate action to restore transparency and fairness to our financial system.

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1 Comment

  1. Wealth In Truth

    Thx, Jim for teaching contemporary economics.
    I'm really appreciative of understanding the facets which dictate pricing

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