If you watch the precious metals markets (and don’t we all, if we’re into preparedness, even if we can’t afford to do much with our observations), you’ve probably been hearing allegations of monstrous frauds festering beneath the surface. But as with so many doings in financial markets, the specifics of metals manipulations are arcane and … well, they hurt the brain.
Terrible news, if true, for people who have invested in gold funds or who are under the illusion that they own actual, physical precious metals that are stored for them in bank vaults. And it’s a sad state of affairs for anybody who would like to be able to trust bankers and brokers and fund salesmen someday (sigh). But it could be red-hot good long-term news for anybody who already owns and hangs onto their own real, verifiable physical store of gold or silver.
(I know we’ve got a few serious metals mavens among Living Freedom blog readers. If I’ve mis-stated or under-stated anything, or if you have deeper insight into what’s going on … let ‘er rip in the comments section.)