Gold forced down as a message to states after President’s meeting with bankers
BY: KENNETH SCHORTGEN JR
APRIL 19, 2013
On April 17, former U.S. Army Lieutenant Colonel Roy Potter issued a statement that the recent drop in gold prices was due to a forced manipulation by the central bank as a message to the states that were either demanding their physical gold back from the Fed, or who were passing legislation allowing for the free use of gold and silver. Not coincidentally, the dumping of 500 tons of paper gold onto the markets came one day after President Barack Obama’s meeting with many high officials in the banking industry, to include Lloyd Blankfein and Jamie Dimon.
Lt. Col. Potter: You notice that gold took a big dip. The Federal Reserve did that by dropping a whole bunch of paper gold certificates, or however they do their trading… to lower the price to make it look like a bunch of gold had been dropped on the market when actually it hadn’t.
The Purpose of that was to make gold not as attractive as an investment. But there is more to it than that. I want to point this out to you…. remember, Texas and some other states (Texas being the first one), demanded their gold back from the Federal Reserve when it was at $1600 an ounce. And now that the price has dropped, they were trying to make people not as interested in keeping (holding) it.