Unlike Big Banks and Bigger Governments, Gold Doesn't Lie

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For years, successive secretaries of the Treasury from Rubin to Geithner have notoriously managed to keep a straight face when parroting the mantra of a "strong dollar policy" while simultaneously and knowingly engaging in monetary policies yielding the exact opposite result. But promoting the illusion of strength in the deeply impaired fiat dollar requires a team effort.

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The most scandalous aspect of gold-price suppression, if ever all of the facts from this notoriously secretive corner of the financial universe ever come fully into the light, will be the revelation that widespread collusion between central banks and too-big-to-fail banks forms a necessary prerequisite for such manipulation to occur. Today's gold and silver markets are not what most casual observers might expect. The gold market is dominated by an obscenely leveraged trade in futures and derivative contracts that may represent 100 times the actual underlying physical supply!