GATA Broad Member Adrian Douglas: Proof Of Gold Price Suppression - ZeroHedge.com

Guest Post: Proof Of Gold Price Suppression
http://www.zerohedge.com/article/guest-post-proof-gold-price-suppression


Adrian Douglas, board member of GATA, once again takes a long hard look at the gold market and provides evidence of gold price manipulation. His conclusions:

•the gold price is suppressed through fractional reserve bullion banking
•the gold market is selling on average 45 ounces of gold for every one ounce of real physical gold via “unallocated gold” (fractional reserve bullion banking). In other words the gold market is backed by only 2.3% gold
•The true price of physical gold is currently around $54,000/oz if fractional reserve bullion banking did not exist. In the presence of fractional reserve banking with 2.3% gold backing the market price of “gold” is reduced to $1200/oz
•The US dollar has a purchasing power that is 45 times over valued
•The way to end gold price suppression is for investors to ensure they have allocated physical bullion preferably held outside of the bullion banking system
The solution? Buy physical - "The sick joke of the Gold cartel is that whether you hold dollars or unallocated gold you only have 2.3% of gold backing! However, the trade of the century is to buy actual physical metal with your dollars, or if you have unallocated gold to demand physical delivery. In this way you can trade something with 2.3% gold backing for an investment that is 100% gold."

.

GATA UPDATE!

Adrian Douglas: Is discovering the gold fraud worse than the fraud itself?
Submitted by cpowell on Sat, 2010-06-26 19:03. Section: Daily Dispatches
By Adrian Douglas
Saturday, June 26, 2010

Physical demand overpowering COT, Ted Butler tells Eric King
Submitted by cpowell on Sat, 2010-06-26 17:07. Section: Daily Dispatches
1p ET Saturday, June 26, 2010

Dear Friend of GATA and Gold (and Silver):

» read more | email this story

pt 1/4 GATA roundtable interview on King World News

Al Korelin Talks Gold with members of GATA (Gold Anti-Trust Action Committee Board Members) Pt. 1

Al Korelin interviews Chris Powell (Secretary and Treasurer), Bill Murphy (Chairman), Catherine Austin Fitts, Adrian Douglas, and Ed Steer from the Gold Anti-Trust Action Committee at the 2010 Cambridge House Investment Conference in Vancouver, BC.