“Criminal” Paper Derivative Selling Used To Crush Gold Market

June 24, 2013

Today a legend in the business told King World News that we are in the final stages of a war to push gold and silver prices lower and it is being facilitated through the “criminal” use of paper derivatives.  This is being done “… to destroy the psychology of people invested in this sector.”  Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also spoke about what is taking place behind the scenes in the war on gold and silver and shared a remarkable story about his father who was truly one of the first goldbugs.

Barron:  “I’ve done some calling around to key contacts around the world regarding this gold and silver smash, and again it has to do entirely with the paper market, with options, and with large entities utilizing derivatives.

What’s being done here is criminal, but there won’t be any investigation by the SEC, CFTC or the powers that be because they are sanctioning it.  King World News often talks about a ‘War going on in the gold and silver markets,’ and people should remember that this is in fact a war.  It’s a war to destroy the psychology of people invested in this sector.  To destroy them mentally….

“This is a manipulation of the paper market, not of the physical market.  Gold is still being looted from the ETF’s such as GLD, and physical gold continues to hemorrhage from Western central bank vaults to Eastern vaults.  If they are selling in places like the U.S., you can be sure they are buying in places like Shanghai.  That’s where your physical gold is going to end up if you are selling today, is China.

We have already seen 6 or 7 of these types of declines since 2002, even though this one has been particularly long and brutal, but investors in the sector have to remain mentally tough and hang in there.

This is all part of a desperate effort by the West to collapse the psychology of smaller participants around the world, and even to shake up institutional players, but the reality is there is only so much physical metal around.  Physical gold is in very short supply, and eventually this game that is being played is going to end.  This action is being forced mostly through the use of seemingly endless paper derivative-related futures selling and options.

But as key entities are called upon for the physical gold, eventually this fraud will unravel because they will not be able to deliver the gold.”

Barron also shared this remarkable personal information:  “My father was literally one of the first original goldbugs.  He started to buy gold in 1966 at $35 an ounce.  I have a receipt from one of the banks where he bought a 400 ounce gold bar back in 1966, and he paid $35 an ounce.

My father had a wife and four kids.  He was not an economist, but he went ahead and accumulated gold because he saw the amount of money being spent on the Vietnam War by the American government, he saw inflation going up and he knew that eventually the gold price would soar.

Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/21_Criminal_Paper_Derivative_Selling_Used_To_Crush_Gold_Market.html

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