Is the government manipulating gold and silver prices?

[Cyaren]

Mike Maloney on Youtube has made the point that the price of physical gold and silver is kept low intentionally by the government and traders using leverage on their investments. Is this the case with the current gold and silver market, or is this just bull?

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[OROBTC]

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To answer your question specifically, I don't know.  Probably though.

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Deutsche Bank just admitted to manipulating Au and Ag, and has fingered UBS and one or two other banks as well.

The lawsuits have already started, at least in Canada, and I'm sure they will start in the USA soon.  The most obvious ones hurt by Deutsche Bank et al would be investors in gold & silver mining companies.

Bullion buyers, by contrast, had several years of cheaper prices...   

[Yakamoto]

Mike Maloney on Youtube has made the point that the price of physical gold and silver is kept low intentionally by the government and traders using leverage on their investments. Is this the case with the current gold and silver market, or is this just bull?

I wouldn't say the government is manipulating the price, but I'm 99% sure that traders are manipulating the price. JP Morgan had done this a little while ago (I think it was early or mid 2015) where the price of silver dipped due to a JP Morgan manipulation.

I don't think the real value of PMs is more than 30% higher than their current value, but that could be for the market to decide and not me.

[Cyaren]

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To answer your question specifically, I don't know.  Probably though.

*   *   *

Deutsche Bank just admitted to manipulating Au and Ag, and has fingered UBS and one or two other banks as well.

The lawsuits have already started, at least in Canada, and I'm sure they will start in the USA soon.  The most obvious ones hurt by Deutsche Bank et al would be investors in gold & silver mining companies.

Bullion buyers, by contrast, had several years of cheaper prices...  

I do understand, it has been a great opportunity for me to buy in more physical bullion.

And yeah, it hurt a lot of mining companies as well. Their production costs just ain't keeping up with the prices.

How soon will this manipulation end?

[OROBTC]

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Cyaren

I have no idea when the manipulation will end.  Manipulation, done subtly, is very difficult to detect and even harder to prove.  Deutsche must have been rather blatant (or manipulated A LOT).  I believe that Deutsche was sued by private parties, NOT by the regulators (Bart Chilton asleep at the switch, LOL).

The miners really did get screwed big time.  We'll see if they join in the lawsuits.

Re bullion buyers and holders, well, we will just have to wait and see.

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There is a possibility of a "FOFOA-Style" sudden revaluation in gold possible however.  Should the +/- 100:1 ratio of "paper gold" to physical gold become unsustainable (probably is unsustainable), then a very sudden revaluation WAY higher could happen quickly.

And it's possible that the government itself could do it!  Imagine this: the US .gov one day announces that it would buy any and all gold for a very high price (and even arbitrary number), say $5000 per ounce.  The price would jump to AT LEAST that number worldwide.  The price would likely go even higher as people see "paper gold" worth nothing.  Then, the US government, and any others with large gold holdings, would have MUCH MORE in reserves to pay off debt.

[NUFCrichard]

Officially no, the banks have been and have admitted it.  The governments haven't admitted anything and are unlikely to do so.
Mike Maloney is very interesting and all, but he is trying to sell PMs, it is worth remembering that when you watch his videos.

Stack is you want to, but do it expecting it to be a long tern store of value, more will be a bonus

[CryptoBjorn]

I do not know if the government manipulating gold and silver prices is really true. I have always been told that the value of gold and silver goes up because there is less and less gold and silver on the earth.

[rababo]

IMO, gevernment has nothing to do with gold and silver prices.
The prices are fluctuated depends on supply and demand on market.

[The Sceptical Chymist]

Officially no, the banks have been and have admitted it.  The governments haven't admitted anything and are unlikely to do so.
Mike Maloney is very interesting and all, but he is trying to sell PMs, it is worth remembering that when you watch his videos.

Stack is you want to, but do it expecting it to be a long tern store of value, more will be a bonus

And it's bizarre that anyone would want to be in any market they suspect is being rigged by banks or governments.  Which government is suspected of manipulating pms this time?  Do you think any one gov't could possibly do that?

[markj113]

Deutche Bank admits it has rigged gold prices and is about to grass up the other banks involved -
http://www.zerohedge.com/news/2016-04-14/first-silver-now-gold-deutsche-bank-admits-it-also-rigged-gold-prices-legal-settleme


Billion Dollar Lawsuits Filed Following Deutsche Bank's Admission Of Gold, Silver Rigging
http://www.zerohedge.com/news/2016-04-16/billion-dollar-lawsuits-filed-following-deutsche-banks-admission-gold-silver-rigging

You think bitcoin price isnt manipulated?  The all time high was achieved by manipulation through bots, and I doubt very much this activity has suddenly stopped.

[Kprawn]

How do they manipulate the supply? I hear what he is saying, but the miners will sell when they are ready and that is usually when the price is high or when they need to pay their expenses. This

is not a easy commodity to manipulate and if they are doing it ...they are damn smart. The reason why they would want to do this is sinister in the least... trying to protect the value of the dollar and

making gold as a commodity less attractive, seems to me as a bit trivial ...they have control over the supply of money already... printing it like toilet paper. 

[countryfree]

Government? What government, the biggest gold markets are India and China, I have no information regarding those governments doing something regarding the value of gold. Some traders in Wall Street or London are more likely to play with the market, but there's little indication some government is behind them. Greed is most likely their only motivation.

[markj113]

How do they manipulate the supply? I hear what he is saying, but the miners will sell when they are ready and that is usually when the price is high or when they need to pay their expenses. This

is not a easy commodity to manipulate and if they are doing it ...they are damn smart. The reason why they would want to do this is sinister in the least... trying to protect the value of the dollar and

making gold as a commodity less attractive, seems to me as a bit trivial ...they have control over the supply of money already... printing it like toilet paper. 

They have manipulated prices through paper leverage not physical supply.  Currently several hundred paper claims per oz of physical metal.

[btvGainer]

Government is one of the biggest hoarder of gold and they can and the do manipulate its price.If government starts selling some of its reserve,it effects gold price

[BitcoinBlackjack]

Don't governments hold tons of gold in reserves? If so, I would assume that they are able to manipulate the prices.

[Snail2]

Most likely they manipulated, manipulating and will manipulate in the future the precious metal prices, but the governments never going to admit that.

[The Sceptical Chymist]

Government is one of the biggest hoarder of gold and they can and the do manipulate its price.If government starts selling some of its reserve,it effects gold price

Yes, but can one government, or even several at a time, manipulate a market as big as the precious metals market?  I know what I wrote above, and I'm definitely skeptical, but I'm not saying it's impossible.  Governments certainly have done things as bad and worse than this.  Silver has been on a tear as of late, and it's nice to see.

[expert4knowledge]

I think since economies are connected together there is not much governemnts can do in this regard but they may be able to have small percent effects on it.

[klf]

Government? What government, the biggest gold markets are India and China, I have no information regarding those governments doing something regarding the value of gold. Some traders in Wall Street or London are more likely to play with the market, but there's little indication some government is behind them. Greed is most likely their only motivation.

This gold market is very huge and it is very difficult to manipulate prices for any one either government or brokers. But the big gold consumers like India and China government policies can put kind of pressure on gold price for short term and they can't control those prices for long term. So when you invest money in gold then don't worry much about short term price movements and hold it for long term surely can make a decent profits from it. But I'm not sure any government will do any background work control these metal prices.

[vero]

I have read an article last year about the government of manipulating the price of gold, but I don't fully trust because when i seen gold prices very strong day by day.