Is the manipulated gold price an immensely underrated feature of the current crisis?
Yes, I think it is. It is hard to predict where the gold and silver price will go but I think if U.S. regulators stepped in and said Goldman Sachs, HSBC and JPMorgan couldn’t participate in the gold and silver futures-market for three weeks – I really think you would see the gold and silver price more than double in that time. I mean, it’s immensely manipulated. As you know, one organization that tries to expose the rigging of the gold market for years, the Gold Anti-Trust Action Committee (GATA), faces huge problems to get “air time” since its founding in 1999. Why do you think that especially the US and British media is so silent about what GATA has to say? Isn’t it an indicator among others that journalism itself is in a profound crisis of its own? Yes, I believe it is. I believe that investigative journalism is almost dead. You have better investigative journalism regarding the financial markets on financial blogs today and in independent newspapers than you ever would receive in t
