Countdown of Manipulated Gold Price Running Out

The physical demand for gold and the real price is NOT IN SYNC with the reflected price on the COMEX. As you will see on the sample articles below…

“The place of most attention for the paper gold market is the COMEX. The price you see in the newspaper is the price of the gold future traded on the COMEX. Unfortunately, it is a paper market which is very vulnerable for manipulation and it does not reflect the real market which takes place in physical supply and demand.“

Complete article here -> http://seekingalpha.com/article/99959-countdown-of-manipulated-gold-price-running-out

Did you know that most of my singaporean friends can’t buy any gold from banks such as UOB and they have to wait for weeks for the physical delivery of 1 Ounce GOLD coins?

The forum is here, just look for the article: http://www.goldclubasia.com

The stoppage of selling of actual physical gold in Thailand because the price was SOOO erratic that the dealers themselves and suppliers knew that someone was manipulation the spot market for gold?

“According to Panapong Suttheewong, manager of Thailand’s Gold Traders Association, the gold outlets agreed yesterday to suspend trading of gold bars on those days, citing gold’s short supply worldwide and the precious metal’s frenetic price swings due to rampant price manipulations in the market.“

Complete Article here: http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=23819227&l=0&r=0&s=SA&t=list

“Bloggers all over the internet say that gold and silver is now selling at a premium over COMEX spot.  This means that COMEX is not reflecting the true price of gold.  Will GLD ever reflect the true price of gold?  The answer is, of course, yes.  First of all, if other investors understand how easy it is to manipulate futures markets as, hopefully, they now do, it will become harder to manipulate. Their activities will become increasingly expensive if the private market long players, including some banks and hedge funds, starts watching, carefully, for manipulative activity.   ”

Article here: http://seekingalpha.com/article/92478-the-disconnect-between-supply-and-demand-in-gold-and-silver-markets-part-ii

I conclude the following:

* The market CAN BE MANIPULATED
* So what I am saying is DO NOT DEPEND ON GRAPHS SOLELY, BUT ALSO CHECK WHATS ACTUALLY HAPPENING ON THE REAL GOLD PHYSICAL SELLING.
* DO NOT BUY GOLD ETFs or ANY GOLD PAPER PRODUCT. You don’t know if they actually have the PHYSICAL GOLD THEY CLAIM TO HAVE.
* GOLD IS FOR THE LONG TERM. IT WILL NOT GO ZERO UNLIKE STOCKS.

And these graphs will show you, which performs much better in the long run, who is more reliable? GOLD!

The dotted lines below reflect the years when the US REMOVED THE GOLD STANDARD. See what happens? The purchasing power SINKS. SO DOES ALL CURRENCIES NOT PEGGED TO GOLD because they can PRINT IT AT WILL WITHOUT ANY ASSET BACKING. Just like what the US is doing the finance the war in Iraq and the Bailout.

And look what happend to the DOLLAR and STOCKS. Even if the bailout was passed:

Even here in the Philippines, the costing per gram of PHYSICAL gold right now is in the range of 1,300PHP (Metro Manila – recycled gold) to 1,600PHP (mining provinces – recycled gold and raw gold) per gram of gold.

- Multiply each end of the range by 31.1

- It translates to a difference of 40,430 PHP versus 49,760 PHP for 1 ounce.

- If the current spot price of gold right now (COMEX) is at 800 USD, that will be multiplied to PESO by 49 =  39,200 PHP

Metro Manila Price -> 40,430 – 39,200 = 1,230 PHP price difference of PHYSICAL versus COMEX
Province/Mining Areas -> 49,760 – 39,200 = 10,560  PHP price difference of PHYSICAL versus COMEX

The farthest spread is a large figure of 9,330 PHP against the COMEX. That’s more than additional 20% premium over the spot price!

I end my case

Graphs from bankimplode.com, financialsense.com, and goldseek.com