Central Bank Gold Price Rigging Is No Conspiracy
July 19, 2022
Hosted by Jay Taylor
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Chris Powell, Dr. Quinton Hennigh and Michael Oliver return. On August 15, 1971 President Nixon detached gold from the world’s monetary system and declared “We are all Keynesians now.” By so doing he set the stage for massive amounts of inflation not only in consumer prices but in stock and bond prices that served to siphon wealth from the middle class to the billionaire class to an extent even greater than the Robber Baron period of the 1920s. To con the world into using an intrinsically worthless dollar after 1971, the Nixon administration used the U.S. military to protect the power of the Saudi Arabian royal family in exchange for requiring oil sold globally by OPEC to be priced in U.S. dollars. But even with a dollar propped up by oil and the U.S. military, during times of market tumult investors instinctively opted to exchange their dollars for gold which posed a threat to dollar hegemony. Hence, the BIS and major central banks have arranged for member banks to suppress the price of gold using the futures markets and various other mechanisms during times of market chaos. Chris of the Gold Anti-Trust committee will explain the latest revelations and he will discuss the overall market damage caused by the anti-free market activities of central banks. Of course, the natural laws of economics can be suppressed only so long and there is evidence we may be at or very close to the lows for gold. That would be good news for the amazingly high-grade Lion Ones Tuvatu gold mine that is soon to enter production in Fiji. Quinton will update us on that story and Michael will provide his latest analysis on gold and other key markets.
Turning Hard Times into Good Times
Tuesday at 12 Noon Pacific Time on VoiceAmerica Business Channel
Jay Taylor’s show will explain the real underlying causes for plunging stock prices, plunging home prices and growing unemployment. By correctly diagnosing the cause of America’s economic decline, rather than listening to excuses from Wall Street and Washington, Jay will offer winning investment ideas to protect and increase wealth.
Topics to be discussed will include the cause of the decline of: our monetary system and our economy, the housing markets, the equity markets, and commodities, Why gold and silver are rising in value and how investors can profit from the direction of these markets through specific stocks, ETF’s and precious metals will also be discussed. Turning Hard Times into Good Times is broadcast live every Tuesday at 12 Noon Pacific Time on the VoiceAmerica Business Channel.
Jay Taylor has been able to more than double his newsletter’s model portfolio from 2000 to the present even as the S&P 500 was in the process of losing 50% of its value!
The insights provided to Jay came from a history professor in 1967 who advised Jay that when countries go off a gold or silver standard, hard economic times are sure to follow because nations begin to think they do not need to work hard and save to enjoy a better life. Indeed there is no free lunch and a gold standard reminds people of that every day.
Jay watched his professor’s prophetic words come true when in 1971, President Nixon completely detached the dollar from gold. Not surprising to Jay, the price of gold skyrocketed in the late 1970s as inflation wiped out vast amounts of wealth from average Americans. To protect his own wealth Jay began to invest in gold and gold mining shares and in 1981 he began sharing his success and insights in his newsletter. In 1981 Jay began writing a subscription newsletter that has earned his subscribers countless thousands of dollars over the years.
Jay’s insights as to the real cause of our problems has enabled him to find investment strategies that work. Diagnose a problem correctly and you have a chance for success. Diagnose a problem incorrectly as the establishment does and you are sure to fail.