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Why You Should Buy Gold Even if it is Manipulated
By admin | April 18, 2009
Jon Herring recently asked on Investors’ Daily Edge how it is that gold – “the world’s greatest inflation hedge” – is roughly the same price today that it was in 1980, after 30 years of inflation?
There is a simple answer: manipulation of the markets by the Gold Cartel . That will be nothing new to readers of this blog or The Q Wealth Report. What’s interesting about Jon’s article is his take on conspiracy theories. Things that you might only have wanted to whisper to trusted friends a few years ago have become facts accepted by the mainstream today…
It used to be that you didn’t speak about market manipulation in polite company. Everyone knows those conspiracies don’t exist. Who could do such a thing? We now know those sentiments are woefully naïve. There is now a deep and wide body of evidence that points to willful and ongoing, official and unofficial suppression of gold prices. Much of this evidence has been compiled and documented by the good folks at the Gold Anti-Trust Action Committee
Jon continues explaining not just why but how the cartel manipulates the gold price.
What our readers have long known, however, is that the quoted spot gold price is increasingly diverging from reality. There is one price for ‘virtual’ or ‘electronic’ gold – and a completely different spot price if you actually want to take delivery, touch and hold the bullion itself in the form of bars, coins or ingots (which, as a savvy investor, you should.) In fact, it has become increasingly difficult to buy gold bullion at all. Though fortunately, help is at hand… if you want to read my Q Wealth piece about How to Buy Gold Bullion Offshore.
One of my best discoveries in recent years has been a little-known way that you can purchase gold outside the cartel and completely offshore. Fortunately gold is impossible to forge or fake – its purity can be tested very easily and of course it can be weighed quite easily too. So if you have the right contacts you can buy gold direct from small, artisanal producers and be sure you are not being scammed. That way you don’t have to deal with snooty Swiss bankers with huge minimum handling fees for gold purchases. All this is explained (including contact information) in my special report named appropriately enough The Gold Report, which is available free, provided you are a member of The Q Wealth Report. If you are not yet a member, well a Q Wealth Report Subscription at $87 won’t exactly break the bank and will entitle you to a host of other benefits that you’ll find listed at that site.
Investing in Gold and Silver Coins – by which I don’t mean bullion coins but rare collectors coins – is another interesting angle – a way to diversify your portfolio and thereby spread risk. We have long referred interested readers without charge to our ‘Coyne Chap’ – who was one of North America’s most respected coin dealers, until he took early retirement and moved offshore. He’s a fascinating and knowledgeable person, and welcomes like-minded visitors at his home in South East Asia… so if youare living or traveling in that region and are a Q Wealth subscriber don’t hesitate to make contact with the offices in London to request a referral.
Anyway to get back to the original point, if I haven’t made myself clear by now, it’s that you should buy gold bullion because although it’s manipulated by the means mentioned above and by many other underhand methods covered in Jon’s article such as IMF and Central Bank gold leasing, it is much harder for the cartel to manipulate the real physical stuff you can carry around in your suitcase!
Sphere: Related ContentRelated posts:
- Buying Gold Bullion Offshore: Your Safe Haven for Asset Protection
- Gold and Silver Cannot Evaporate – But Accounts Receivable Can!
- Is Gold Stored Offshore Reportable to the IRS?
Topics: Currencies and Cash, Investing in precious metals | No Comments »
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