It’s possible, I guess, that the banksters might decide that they can get really rich by cornering the right side of the precious metals market and by “letting” prices soar.
Then again, if the bank’s gold portfolio soars, the bank’s dollar-backed investments would likely tank. That is, protecting the dollar is probably more important to them than booking any profits on precious metals. (Read more…)
My assumption is that JP Morgan is not calling the shots all by itself.
Who has more power than JP Morgan? The U.S. government. And our bankrupt government likes paper, not gold.
In fact, our government probably despises gold. And fears that one day millions of Americans will wake up and start buying the stuff in mass.
Click here for more on metals manipulation is here to stay:
[VIA Max Keiser]