Could Cyprus’s gold reserves play a part in the crisis?

While Surfing the web i came across this intriguing article that gives new perspective to Cyprus. We can all agree its strange to say the least, why not lend Cyprus the money and be done with it? And thus keeping the calm in the Eurozone?

Some interesting paragraphs might shed some light on that.

Let’s take a look at the gold market. Former Goldman Sachs trader Andrew Maguire, have come up with facts and figures, supporting the hypothesis of a wide conspiracy to suppress the prices of gold and silver. For several years, well known traders and investors like Eric Sprott and John Sinclair have been trying to draw the press’ attention to this problem. According to the latest calculations made by Eric Sprott, it is likely that the US Federal Reserve has almost no physical gold available, so its ability to continue suppressing the gold prices is diminished. If this is true, the Cyprus crisis is a boon to the market manipulators.

It seems plausible to me, there has been lots of reports saying that the gold in Ford knox is fake. This does leave some questions where the gold went no?

Russia 24, the Russian state news channel, reports that under the current plan that is being discussed by the Cypriot parliament, the Central Bank of Cyprus will sell its gold reserves in order to cover a part of the 5.86 billion euros demanded by the Eurogroup. Other sources of financing the country’s “contribution” include such outrageous measures as a special levy on bank accounts and the expropriation of the money held by the Cypriot pension system, so everyone’s attention is diverted from the sale of gold. The gold reserves of Cyprus stand at 13.9 tons. While not a big amount in itself, these reserves represent “physical gold” not “paper gold” which makes it very valuable from a market manipulation perspective. If the central banks and financial institutions that are suppressing the gold prices are running short on “physical gold”, then each ounce of real, assailed, not rehypothecated gold is priceless.

So what does this article tell us? They are in fact suppressing the price of gold?
Why would they do this? I think its because they know our society is at the brink of collapse and they know if they want to survive they will need gold.


Any thoughts on this?

source: stratrisks.com...

I have been watching the metals in the market for a while now. Only somebody blind, deaf and dumb would fail to see that it is heavily manipulated.

Gold and silver are manipulated to the downside to keep up false confidence in fiat (paper) currencies, particularly the US dollar. It is known that countries sell their gold to keep the price down, thereby keeping the value of currencies up.

There is a inverse relationship between the value of fiat currencies and the value of gold and silver. If the dollar is roaring to the upside, you can bet the price of gold is low, and vice versa.

If Cyprus is selling its gold, I think it keeps the Euro afloat a while longer. Not to mention the fact that what most governments have is not real gold, but paper that says they have it, because they "lease" it to bullion banks. So when a government claims to have a certain amount, one must question whether it is really physical gold, or just a phony number in their books. Most countries do not keep their gold within their borders, but typically somewhere else....like London or New York. Is it really there? It's a shell game, so who knows.

In the end, it'll all come crashing down anyway. But these psychos who run these financial markets don't want their casino to close, so they'll keep manipulating things as long as possible.

If you look on this site you will find a ton of gold manipulation posts.

And I remember this doing the rounds years ago.

www.wnd.com...

U.S. central banks may have less than half the gold they claim to possess in their vaults, charges a watchdog group in an ad scheduled for publication in the Wall Street Journal this week. Read more at www.wnd.com...

Whatever gold they might say they have might actually be less than what they do have.

And here is a good article about unallocated gold.
www.bullionvault.com...

If you bought unallocated gold then you've lost your investment if the bank goes under.

Thanks for the links, quite a read at first look. I can't help but think we are overseeing something in Cyprus.. We usually do.

But every country needs to prove it has said amount of gold before it can lend no? Also remember this thread : www.abovetopsecret.com...

Title of thread:Germany Wants Its Gold Back From The Federal Reserve In New York,

Odd no?

Edit: @FissionSurplus they don't want to sell the gold, they are being forced to sell it, being it the last resort for a bail.

ANSWER: 13.9 Ton = $654,836,450.40
Values based upon Current spot gold price of: $1,615.20

5.86 billion - 655 million = they're screwed!


edit; in light of this, maybe people will begin to understand why Roosevelt rounded up all the gold way back when.

Edit: @FissionSurplus they don't want to sell the gold, they are being forced to sell it, being it the last resort for a bail.

reply to post by Senduko


I never said they wanted to sell it, but making them sell it will float the Euro higher, which benefits the EU. Because Cyprus is part of that union, they're stuck having to give up their own wealth for the "greater good".

reply to post by FissionSurplus


Ah yes, i'm afraid so, once the gold's gone they won't even have enough resources to become independent later if they choice to.

reply to post by tinhattribunal


Roosevelt rounded up the gold in the early 30s, because the dollar was pegged to gold.

Now the dollar is pegged to oil, since we were taken off the gold standard by Tricky Dick Nixon....which begs the question, are there any countries we have invaded in the last 25 years that don't have oil?

reply to post by Senduko


Yes, unfortunately. However, they have some natural gas resources that Russia is eyeing like a starving wolf.....Either way, they will never be left alone as a soverign nation should be.