Confiscation, Price Suppression & The True Gold & Silver Price
December 4, 2012
Today 40-year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, discusses the true price of gold and silver, confiscation, price suppression, coming shortages, and what powerful entities are doing in this chaotic environment.
Below is Fitzwilson’s exclusive piece for KWN:
“There have been a number of comments in the past few weeks about the issue of outright confiscation of gold and silver as was done in the 1930s by the Roosevelt Administration. We have also heard views on the suppression of prices for those metals in the paper markets.
If an entity were interested in confiscation, the first place to start would be to determine the highest value items to confiscate, not simply repeat what was done in another era. The value of gold and silver held by individuals is trivial compared to the other real assets such as labor, industries, real estate and energy….