Video: How The World's Largest Banks Rigged Gold & Silver Prices - Mike Maloney

[LiteCoinGuy]

How The World's Largest Banks Rigged Gold & Silver Prices - Mike Maloney

https://www.youtube.com/watch?v=NmJS2h365uk

[The Sceptical Chymist]

People have been saying this forever.  And if you think gold & silver are rigged, why be in the market?

[OROBTC]

...

Deutsche Bank just admitted to rigging of the gold & silver markets as settlement in a lawsuit.  They have promised to rat out their con-conspirators (UBS is one of them).  Douche Bank is Germany's largest bank.  It is also at risk because, IIRC, they have the largest derivatives exposure of all banks worldwide.

My understanding of the manipulation is that they tried to keep prices LOW, which would benefit people who have been buying precious metals all these years.  The manipulation probably benefited CHINA too, the world's biggest gold buyers now (Russia has been buying a lot as well).

The ones hurt, if I interpret this correctly, are the gold miners.  And those who sold their gold for low prices...

[calkob]

great documentary, i have a alot of silver and cant wait until it is priced as it should be, although it might be a double edged sword. 

[markj113]

People have been saying this forever.

Strange how many conspiracy theorys turn out to be fact -

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

And if you think gold & silver are rigged, why be in the market?

Because it cant last forever and when the paper games stop the physical metal price will go parabolic, so I am buying gold while its on sale.

Also its generally accepted that the reason that bitcoin hit the all time high price was through price manipulation and bots, you think that manipulation has ended suddenly?