The Coming Gold Rush
The comments below are an edited and abridged synopsis of an article by Hugo Salinas Price
The price of gold is under strict control by the powers that be, because a surging gold price would announce the imminent collapse of the value of the US dollar.
Understanding the artificiality of the gold price lies in considering the meaning of what is clearly set out before our eyes.
Gold does rise vertically, on occasion, as investors buy gold at the lowest possible price. Yet gold regularly falls nearly vertically in value, either in one large bump downwards, or in a series of smaller steps.
The reason for considering vertical falls in gold as an anomaly is that sellers of gold invariably want to obtain as many dollars as possible for it. They never dump their gold in as short a timeframe as possible.
Therefore, it is evident that the seller of gold that crashes the price cannot be interested in maximizing the amount of dollars that they obtain through such an operation.
Such a seller can only be a government (or governments) fighting a rising gold price in order to defend the value of their fiat currency, because a rising gold price announces a failing fiat currency.
At the moment, there is only a minimal interest in owning gold; most are focused on maximizing their ownership of dollars, euros, pounds, etc.
However, when the King of Fiat—the US dollar—suffers a loss of value in terms of other currencies, or shows a persistent tendency to fall in value, it will dawn upon investors that owning dollars (and other fiat currencies) is a losing proposition, and they will rush to acquire whatever they can of the yellow metal. Official selling to break the price will only slow down its rise, and present a momentary opportunity for panicked investors to acquire some gold—far less than they might have acquired had they not been so blind to the danger.
At that point, gold will be rising by hundreds of dollars an hour.