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Silver Manipulation

A couple of weeks back, my dad's best friend and business partner passed away. While cleaning out his apartment, I came across a Sony Walkman with a cassette tape next to it. It was a recording between him and his Father. The recording was from back in 2014.

While playing the tape, the father was going on talking about distributing his wealth to his children before his passing came. It is sad. I don't think the father would have planned to out live his son.

In the middle of the tape, the father said he would distribute his silver from his safety deposit box. He encouraged his children to hold on to the silver because he believed the price of silver was being manipulated. At the time, silver was selling for about $20 per ounce but the father believed that when prices stopped being manipulated, silver could go beyond $100 per ounce at the least.

The manipulation of silver prices is something I've heard for the last few years but I never understood how it could be done. I have heard these claims from Peter Schiff and Mike Maloney. After scanning through a few years of articles, I saw that the biggest bank behind the manipulation was Deutsche Bank. How they manipulated the price, I really didn't understand.

If the price really is being manipulated downwards, I'd be feeling like buying more silver however I remember the old saying. Markets can stay irrational longer than you can stay afloat.

If the price is being manipulated downwards, how much longer could the banks keep up the price manipulation? If it is greater than 58 years, it would do me no real good to buy more silver.

This post first appeared on Tactical Financial Action, please read the originial post: here

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Silver Manipulation


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