Will Market Manipulation Stop Gold and Silver from Rising?

Dees Illustration

Greg Hunter 
USA Watchdog

There are plenty of folks flocking to the internet these days to tell the world why gold and, particularly, silver are finished as an investment and wealth protection opportunity.  Some are even screaming to sell now before gold and silver prices tank.  To give you an example of what I am talking about, I want to share a comment with you from a reader named Michael.  Last week, he wrote me and said, “You are incorrect that gold/silver will go up in value like you have stated on your site. There is too much manipulation going on behind the scenes to ever let it go too much past where it is. And the same goes for housing. Will interest rates go up? Yes, but not leading to a housing collapse. It will lead to regrowth.  For you and all of the others that think gold/silver will shoot up much higher, I feel bad for you. You have normalcy bias towards this and your mindset is too rigid to see the truth…which is the market manipulation that goes on behind the scenes that will continue indefinitely IN SOME FORM OR ANOTHER that you nor anyone else can predict!”

 My answer to Michael said, “The Fed bailed out the world to the tune of $12.3 trillion. More than $12 trillion in liquid assets are held outside the country. The days of the U.S. dollar being used as the world reserve currency are numbered. These are just a few of the reasons gold will rise in price relative to the dollar. With all due respect to you, I do not have normalcy bias. I have facts and they all point to a currency crisis in the U.S. dollar. . . . It will go much higher regardless of the manipulation that will not be able to counter the overwhelming trend. Your only argument against gold and silver is “there is too much manipulation behind the scenes to ever let it go up much past where it is.” There was no manipulation in the markets before this year? I think not, and you offer a very weak argument on this point. Please don’t feel bad for me. Feel bad for yourself for missing a heck of a run so far.” (Click here to read the comment section from the original post.) As far as housing is concerned, if the Fed wasn’t artificially suppressing interest rates, home loans would be closer to 9% instead of 5%.  When rates go up, you will not see “regrowth.” You will see prices come down even more than they are right now.

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