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Gold And Silver Rumors

There has been a substantial amount of press given lately on rumors concerning the possibility of price manipulation for two precious metals, namely gold and silver. Center stage in this campaign is GATA (Gold Anti-trust Action Committee), which purports to have unquestionable evidence to this effect on their web site. In an environment where there has been a considerable amount of questionable practices that led up to the financial melt down in 2008. It is getting a substantial amount of airtime and no one appears to be the least bit and many do not question its validity.

Perhaps, the story is true and then perhaps its not, but those who focus on stories such as this. Lose sight of what investing in gold and silver is all about. These stories do not change the fact that over the long period of time Gold and Silver have been the best place to harbor from all storms both economic and political. Throughout time gold has maintained its purchasing power or better despite of any efforts to allegedly suppress its price. Case in point is that since the year 2000 gold has gone up fourfold. Those who espouse that gold manipulation theory believe that gold is undervalued and that the price would have been higher had not it been for the intervention. Perhaps, or perhaps not, it is inconclusive to say this and again history does not bear evidence to this.

Regardless of, whether in the short term the price is been constrained by non-market intervening forces. Gold and Silver remain the soundest investment today considering the current economic and geopolitical environment. It is a haven to safeguard one wealth. Fiat currencies have come and gone, but gold and silver are irreplaceable. In the end Gold and Silver will shine, and short-term events should not come into the equation when considering investing in these precious metals.

By: Max Gold

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