Is the Price of Gold Being Suppressed?

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There is plenty of evidence to support claims that the gold price is being suppressed. They naturally do not want gold, being a barometer of inflation and poor market conditions, to go ballistic. They might be able to control various markets, prices, interest rates, but they canít control the true price of precious metals in the free market...

24-Hour Gold has put together a nice page that tracks gold prices around the world and compares the spot price to the actual price being paid in the non-rigged free market - Ebay.

As of Nov 21st, here are some of the most recent average completed auction prices for various gold forms: (Keep in mind that gold closed at $801 on Friday).

1 Ounce American Eagle - $954 (19% Premium)

1 Ounce Buffalo - $968 (21% Premium)

1 Ounce Gold Bar Bullion - $942 (18% Premium)

1 Ounce Canadian Maple Leaf - $918 (14% Premium)

1 Ounce Krugerrand - $935 (17% Premium)

There is plenty of evidence to support claims that the gold price is being suppressed. They naturally do not want gold, being a barometer of inflation and poor market conditions, to go ballistic. They might be able to control various markets, prices, interest rates, but they canít control the true price of precious metals in the free market. Ahh, if they could only print gold and silver out of thin air like they do with paper money. But the fact that dealers are running out of the physical metal and prices at auctions are so far above the quoted Comex spot price should give even those that doubt this ďconspiracy theoryĒ a moment of pause... Jason Hamlin, www.GoldStockBull.com

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