Stuart Englert: Why Precious Metals Price Rigging Happens, How it Could End
Stuart Englert: Why Precious Metals Price Rigging Happens, How it Could End by Charlotte McLeod for Investing News Network
In his book “Rigged: Exposing the Largest Financial Fraud in History,” Stuart Englert breaks down the history of precious metals price manipulation, including how it began and the ways it happens.
Speaking to the Investing News Network, he explained that his goal was to make the concepts and terminology understandable and accessible so that more people can grasp the implications.
“I believe everyone should know how our currency is devalued and manipulated, and I think our financial futures depend on it,” he said. Indeed, despite having a long history, precious metals price manipulation remains a key issue, especially given today’s unprecedented money printing and debt creation.
“Manipulation continues today,” Englert said. “We saw it last Friday (January 8) with the short selling on the COMEX and the periodic price smashes … we’ve seen these smashes time and time again in the last decade, and that to me is in-your-face proof of price suppression and manipulation.”
Commenting on when price manipulation may end, Englert said it’s impossible to give an exact date, but it’s a little easier to speculate on how it could happen.
Outlining one possibility, Englert said a major change took place last year. “Before last March, most gold and silver contracts on the COMEX were settled in cash rather than physical metal. Beginning last spring, traders began demanding more physical deliveries than ever before,” he said.