You Can’t Eat Gold!
By Gary Christenson
GoldSeek.com
Tuesday, 2 August 2016
I read that I can’t eat gold as I munched on my 401(k) sandwich and guzzled my IRA wine, which tastes like a cheap Chardonnay. For a side dish I ate blanched twenty dollar bills and consumed a chocolate money market for dessert.
Yes, I am kidding.
The point is that simple statements such as “You can’t eat gold” are a useless DISTRACTION.
Why would the financial powers-that-be want a distraction? If you store your wealth in gold, it is out of the fiat financial system and out of the control of bankers and politicians. They want control over your wealth and therefore they discourage ownership of gold.
Simple! But there is more!
Not only do bankers and politicians want control over your wealth, they also want control over the price of gold in the market. Gold competes with all other debt based fiat currencies, and banks, central banks, and governments promote and depend upon those fiat currencies. They don’t want gold – a competing currency – attracting attention away from their heavily controlled fiat currencies. But central banks have only so much influence. In Japan the people are realizing they need gold, thanks to current central bank policies. “Precious metals markets have clearly turned the corner.”
Does Wal-Mart encourage people to shop at Target? Of course not! Similarly, central bankers discourage gold ownership, and price suppression is one of their tools. A research paper written by Dirk G. Baur of the University of Western Australia discussed the process by which central banks manage the prices paid for gold. GATA has documented price manipulation for years. Again, if anyone has the power and the need to manipulate markets, it is reasonable to expect they will manipulate markets, so no surprise here…
Simple! But there is more!
The Rest…HERE
