by David Schectman, MilesFranklin.com:
Zero Hedge published an interesting article (below) that pointed out how the Chinese are able to push the price of gold lower in the futures market, allowing them to buy their physical gold at a lower price. We often discuss JPMorgan’s role in gold’s price suppression, but it makes perfect sense that the largest gold buyer in the world, who also happened to be the shrewdest investors in the world, would also be part of the paper price suppression scheme. Here are excerpts showing how they accomplish it.
Please follow SGT Report on Twitter & help share the message.