Below you will find an interview (in 3 parts) with Bill Murphy, chairman of GATA.org (the Gold Anti Trust Association) by Mike Malony of GoldSilver.com. The interview goes into the ongoing manipulation of the gold price by the American Government in order to support the dollar and paper currency in general. It is not the best piece of interviewing but lays out the scheme and the implications quite well.

Why is this relevant? Well, right at this moment there is a hearing by the U.S. Commodities Futures Trading Commission (CFTC; more about that here) that is exposing this scheme and takes it out of the 'conspiracy' position it has long been in. Now that the story is featuring on mainstream media this could be the beginning of the end of manipulative practices, sending the price of gold bullion through the roof. Good for those who have invested in gold but it could also dangerously weaken the dollar and be a fatal blow to banks that will come up short when prices start to move up in ernest.

I wouldn't be surprised that if the manipulation of prices is halted because of all the scrutiny it is getting now, and gold prices shoot up, this could turn out to be the beginning of the end of fiat money (money created on the basis of debt & without any real backing). And that certainly is relevant.


Time to get into gold I would say. Not so much to not speculate on the gold price going up (I'm not a big supporter of speculation because it doesn't add any real value), but certainly to insure yourself against the possibility of the value of the dollar and euro going down. With all the money that has been pumped into the economy over the last decade - including trillions as economic support packages in the last 2 years - it will not take much to spark serious inflation...