Robert Fitzwilson: Confiscation, price suppression, and the true price of gold and silver
10:55a ET Tuesday, December 4, 2012
Dear Friend of GATA and Gold:
Writing for King World News, fund manager Robert Fitzwilson notes wryly that there are far bigger targets for financial confiscation by government than gold and silver and that such confiscation already has been under way for a long time. Fitzwilson adds that China well may be cooperating with the Western central bank gold price suppression scheme until that country obtains enough gold to hedge completely its dollar position.
Fitzwilson writes: "Everyone knows that the rational prices of gold and silver are magnitudes above current levels. Suppression will be with us until the powerful acquire and confiscate as much of the metals as possible, and then the currency will be reset. Trillions of wealth will move from holders of paper wealth to those entities holding gold, silver, and energy assets.
"That is why the 'when' question is so difficult. It is not really a length of time but simply the point where those in control decide that it is time for that new currency."
Fitzwilson's commentary is headlined "Confiscation, Price Suppression, and the True Gold and Silver Price" and it is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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