-- Posted Friday, 3 June 2011 | | Disqus
By R. D. Bradshaw
Several analysts are in the periodic process of reporting that they foresaw the present rise in gold back in 2000/2002 and recommended that their clients buy it. The race is on among these persons to see who was the first and earliest to see the current explosion up in gold and to promote the buying of it. As they tell it, they have consistently recommended gold since 2000/2002. Supposedly, people following their recommendations made big money. Of course, just as gold has done well over the years, the same is true with most other commodities and even some foreign currencies.
Well, those recommendations on gold back in 2000-2002 sound good. But I was a subscriber to some of those advisory works over the years and I can’t say that they gave out good advice on buying gold at all for all those years. While some of those persons did recommend gold, they failed to state two essential realities that have been absolutely crucial in the making of profits consistently on gold as well as other commodities over the years.
Of course, it has been easy enough for perceptive people to see a coming rise in both gold and silver back in 2000/2002 and even earlier. I have already recounted my introduction to the value of gold back in the 1960s when the US was supposedly run by Presidents John F. Kennedy and Lyndon Baines Johnson (the backdrop on this was discussed at some length in the Goldsmiths CIII available at www.goldseek.com or www.analysis-news.com).
While I can correctly say that though I believed in the value of gold for the past fifty years, I have often ended up losing money or breaking even at best because of two factors that I did not fully comprehend back in those days--though they have slowly been revealed to me so that I better understand them today than I did heretofore. As for as I know and believe, those persons now claiming to have known all about the future of gold back in 2000/2002 didn’t understand or communicate these two factors at least to me back then. These two factors are “timing” and “market manipulations,” as will now be briefly addressed below.
In connection with the claims of these various persons now saying that they saw the big rise in gold back in 2000/2002 and people following their recommendations made big bucks, I don’t remember it that way at all as I did subscribe to and read some of their material in some of the years from 2000 to the present date. I am aware of what was said by some of them; but I do not recall that they satisfactorily addressed the two factors just cited which are needed to make profits. In fact, other than the partial address by GATA these last several years (and in the Goldsmiths since Aug 2008), almost no one in the financial advisory business had any concept or understanding at all of market manipulations and market control by a secret Cabal of master crooks.
Certainly few, if any, had any idea or comprehension at all on exactly who has been doing the market manipulations. In general, almost no one will come out and call a spade a spade on this question (to do so means that you will be called an evil racist, white supremacist and/or anti Semite; this possibility scars so many people that they run and cower in the corner and are afraid to speak out). To the extent that there is some focus on the identification issue presently, it must be acknowledged that the Goldsmiths have led the way on the telling of “whom,” starting in Aug 2008.
The How Money Could be Made in Gold
Some believe that the commencement of manipulating the price of gold started in 1988 with Ronald Reagan’s Executive Order creating the Working Group on Financial Stability (which I described in the Goldsmiths I published in Aug 2008 at www.goldseek.com). But I disagree on this dating for the commencement of gold manipulation. I would suggest that it likely started in earnest by 1968 when free market prices began moving away from official central bank values and certainly by 1971 and Nixon’s closure of the gold window. In fact, I can make the argument that there was manipulation at high levels on the gold market going all the way back to Franklin Rosenfeldt in 1933.
David Stanowski (at www.thefinancialhelpcenter.com) gives these market values for gold at the end of the years from 1932 (pre FDR) to 1980 (when the free market values began exploding up):
1879-1932 $20.67
1933 $32.32
1934-1939 $35.00
1940 $34.50
1941-1942 $35.50
1943 $36.50
1944 $36.25
1945 $37.25
1946 $38.25
1947 $43.00
1948 $42.00
1949 $40.50
1950 $40.25
1951 $40.00
1952 $38.70
1953 $35.50
1954 $35.25
1955 $35.15
1956 $35.20
1957-1958 $35.25
1959 $45.25
1960 $36.50
1961 $35.50
1962 $35.35
1963 $35.25
1964 $35.35
1965 $35.50
1966 $35.40
1967 $35.50
1968 $43.50
1969 $41.00
1970 $38.90
1971 $44.60
1972 $63.84
1973 $106.48
1974 $183.77
1975 $139.29
1976 $133.77
1977 $161.10
1978 $208.10
1979 $459.00
1980 $594.00
Before the American people were allowed to own gold (as happened in 1974), the most plausible method Americans could follow on gold was to buy gold stocks (as well as in jewelry and in collector coins). But since there was a power influencing the price of gold, the value of gold stocks was effectively being manipulated even back then. For sure, it was all a matter of “timing” to make money on gold (via gold stocks or even in collector coins and jewelry) before 1974. With the manipulations, gold stock prices have swung in different directions just like the up and downs in the futures’ markets since 1974.
Thus, it was possible to make some money on gold stocks if they were bought at a low and sold at a higher price. In order to make this money, it was critical that a person become a trader (and not a long term investor) in the practice of buying at the low and selling at a higher price. The reason why one had to be a trader was because there was manipulation on the value of gold back before 2000. It was a difficult process to buy gold stocks and simply hold them and make money. Just like the situation with other commodities, the Rothschild Cabal manipulators have been at work for years now manipulating anything and everything possible to make profit.
Because of the timing and the fact that there was some manipulation and control of the price for gold, many gold mining companies went broke and out of business. Too, stocks were frequently affected by the up and down market prices, valuation methods, news reports, strikes and other factors. This real world situation meant again that a person almost had to be a trader and make moves consistent with the questions of timing and manipulation in order to consistently make money.
This issue of timing has continued on in the practice of making money on gold stocks from the seizure of gold by Franklin Rosenfeldt in 1933 until today in 2011. The point is that generally a person could not just buy stock in a gold mining company and expect it to automatically make money. Consistently, there have been questions of timing because the gold market has been manipulated and controlled for years by governments and money changers since at least 1933, as we now know. Yes, the manipulation started in 1933 when Rosenfeldt called in the gold and paid $20.67 an ounce for it.
Smart insiders, like the Rothschild Cabal cousins, knew what was coming down the pike; so they merely transferred their gold to secret Swiss accounts. Later, the US government raised the official central bank value to $35 an ounce where it stayed for some time--at least among central bank exchanges. Although I do not have the details on it, but I am confident that Rothschild cousin Bernard Baruch didn’t turn any of his gold into the US government for $20.67 an ounce. My guess is he held it until it went up to $35. It’s amazing how much money you can make if you have connections at the US White House (and we know that Bernard had those ties with Rosenfeldt—on this, see the Goldsmiths 76, 116 and 164).
Admittedly, since 1974 and the “privilege” that Americans now have to own physical gold, it has been possible for persons to own gold physically in bullion and in coins generally and in the futures and forex markets as well as in stocks and jewelry. This course somewhat changed the situation with making money in gold primarily because over time the manipulations and control of gold prices have increased significantly. Thus, as Americans were allowed to buy more and different classes of gold, the manipulations by the government and money changers have also increased.
With the work of GATA, the Goldsmiths (starting in Aug 2008) and a few other analysts, more and more people are coming to realize the extent of the manipulations (but not many know or will publicly identify the parties responsible for the manipulations). This brought about a recognition by the fall of 2008 that the most practical method of owning gold was to own it physically in bullion or in coins. I brought this out in the early Goldsmiths by quoting the old EURO Dollar Monitor newsletter put out by Alex Wallenwein wherein he recommended that people completely stay out of the futures’ markets.
So while I did and had lost much money in the futures’ markets, it finally did force me to give up on the futures’ markets (though I did buy a few gold options in 2009; but lost on them as well with the continued manipulations). Yet, even in the futures’ markets, it is theoretically possible to make some money if a person becomes a trader who can make his market moves in the vein of the timing and manipulations being done by the Amalekite money changers who run those markets (the history of the Amalekite money changers/bankers is presented in the Goldsmiths CLXXXVII). Thus, the questions of timing and manipulation become paramount in order to routinely make money in the gold, silver and other commodity markets.
The point here is that by 2009, people were beginning to wake up that the gold futures’ markets were heavily manipulated and controlled. So while gold was good, there were selected kinds to buy and not just randomly buy gold. Random purchases in the futures’ market would almost always bring about a loss. Even gold options would usually end up being losers. Gold stocks were better but not completely 100% better because the timing factors came into play. Hence, the most secure method of buying gold was to pay for it and own it physically. In that context, it has been possible to make some money in gold since 2000 when it hit a low of $264 and today as it is now up over $1500.
The Problem
But the problem with gold is that it is strongly manipulated by the Rothschild Cabal manipulators, the same as other commodities. Thus, the value of gold changes almost daily by the manipulators; this allows them to make the most in profits and gain. Now, for those persons with plenty of money, this is no big deal because they can buy it and hold it long term to finally get the pay-off. But for those with limited funding, it often happens that they end up buying it at a high and being forced to sell it at a low. This is the process certainly in the futures’ markets (with the wild swings and margin calls). But it can apply even in the question of buying gold and silver physically.
Let me demonstrate that reality. Gold hit a high in late July 2008 of $1000. By late Oct 2008, it was down to something around $700. Today it is up to over $1500. From 2000 to today in Jun 2011, both gold and silver have fluctuated almost daily and hundreds of times in value from their lows to their highs. True, if you buy at the low and sell later at the high you make money. But if you buy at a high and are forced to sell at a low (for whatever reason), you likely will lose money. That’s the way the markets are rigged.
So, let’s say you went to your bank and borrowed some money in order to buy some gold at $1000 in Jul 2008 and your bank calls your loan in Oct and you have to sell it at $700. Did you make money on it? Well, instead of a bank loan, maybe you bought it and paid cash for it in Jul 2008. But let’s say that by Oct you have had major health problems forcing you to sell everything you could to cover medical bills or just some other economic need that you had (like being unemployed or something else). Did you make money? And can’t you see the crisis that came to people who bought silver several weeks ago and paid $50 for it to see it plunge a few days later to $34, if their silver had to be sold to cover economic needs?
So whenever people start talking about making money in the gold and silver markets, they almost never discuss the real world many of us live in with limited funding when we have to sell our gold and silver simply to survive. As it works out, we frequently have to sell it at a lower price than what we paid for it. This is especially true as the economic conditions are slowly deteriorating for many people.
Having been a subscriber to some of these newsletters which now allege that they knew all about the rise of gold back in 2000/2002 and had continuously recommended it since then, I can acknowledge that possibly some did recommend gold back then. But these sources failed to define the type of gold being recommended; and they certainly did not address the questions of timing and manipulation. Back in 2000/2002, recommendations to just buy gold (which could mean gold futures and options) were not necessarily good recommendations.
Some of these advisory sources have now modified their former recommendations to say that their recommendations back in 2000/2002 were to buy gold physically and gold stocks. But I don’t remember it that way when I subscribed to their services since 2000/2002. If I would have seen and followed that recommendation in early 2008, I would be a lot better off financially today.
Yes, it has been possible to make some money in gold—but certainly not in playing the manipulated and controlled futures’ markets and not even necessarily in buying gold and silver physically and having to sell it to meet emergency needs. It is almost impossible to make money in the futures’ markets and even in options without some awareness of the two features cited above—timing and an understanding of the manipulations going on. And in a way, the same curse can overtake financially limited people when they buy gold and silver physically--expecting to hold it for the long term; but being forced to sell it to meet personal economic needs.
G Edward Griffin news in April 2011 had a story which said: Texas University Endowment Fund now holds some $one billion in physical gold to combat inflation (this story was based on a report from Bloomberg of Apr 16, 2011). Obviously, UT has come to understand the value of gold, but not in the futures’ markets as manipulated and controlled as it is by the Rothschild Cabal master snakes and their cousins with the big banks, the exchanges (like COMEX), the US government, etc.
The Bottom Line
Yes, it was possible to focus on buying physical gold and staying away from the futures’ markets back in 2000/2002. But I don’t remember seeing statements like that at all in the advisory letters (except for Alex Wallenwein). In fact, I subscribed to one of the newsletter of one of the analysts in early 2008. I must say it never informed me about the manipulations of the markets and the need to buy gold physically and stay away from the futures’ markets.
It is amazing to me how people can come along years later and make bold statements that they knew all about something years ago when they didn’t seem to know it at all. I think all of us making bold statements about our former expertise on gold or anything else need to be honest enough to be specific on what was recommended and when was it made. A citation of the source is the more honest and correct way of making claims about one’s former expertise. When the exact citation is made, and especially with a quotation, it removes all doubt as to the authenticity of the statement.
DISCLAIMER: The above statements are not intended for investment advice. They represent the personal opinion of the writer and are not intended to be recommendations on investments. Investments are a very personal matter and up to the individual in his/her own analysis, judgment and decision.
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Back issues of the Goldsmiths, by the editor of the Analysis of News, can be accessed from a Google or Yahoo search engine by typing in “R. D. Bradshaw” Goldsmiths. Several hundred web sites can be found with the back issues and with translations to Spanish, Italian, German, Dutch, Polish, Chinese, Japanese, Indonesian, Serbian, and other foreign languages. Finally, the “Archives-Goldsmiths” of this website (www.analysis-news.com ) has all of the Goldsmith articles issued to date.
Besides the revelations contained in the Goldsmiths’ articles, the work of the plutocratic financial market manipulators to conspiratorially manipulate and control the financial markets (to make more profits and install a world government under their management) is also addressed at length in the periodic analysis of the news and in other articles produced at www.analysis-news.com. This website has an article of interest to any person interested in understanding the market Manipulators. It is the Hidden Secret of the Manipulators, why they succeed and how to follow their manipulations.
Readers of the above articles are invited to visit www.analysis-news.com and become a subscriber to regularly read some of the material from the world of information which will further reveal how extensive the manipulation, control and dishonesty realities are in the financial, currency and commodity markets, not only in the US but indeed around the world. To go to the Home Page of this web site, click here: www.analysis-news.com.
-- Posted Friday, 3 June 2011 | Digg This Article
| Source: GoldSeek.com
