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It’s been decades that the allegations against the manipulation of precious metals markets have started whirling around in the investment market. It is said and believed that gold and silver prices are being rigged. When people were asked if they believed that the precious metals market is manipulated, a whopping 66% of people affirmed the question. Sky rocketing prices on silver and gold within a short period of time in recent months have made them think that gold and silver price is rigged. Looking at the sharp increase in the gold and silver prices, the investors have always accused that the precious metals’ prices are manipulated. But the investment experts disagree and say that the allegations are baseless, lack trustworthiness and do not have strong evidence. Events such as silver summit that feature related debates are always much awaited by the investors and market experts. The discussions during 2011 silver summit held in Spokane, Washington gave out conclusions not so believable. When the issue of gold and silver mining industry not approaching the government was discussed, the experts said that the miners are quite hesitant to stand against the government because the government is the one who approves their mining permit and the other non-bank financial entities as they provide them the financial aid. Bullish fundamentals of these entities are main factors that make the miners more hesitant. But in contrast, it is also believed that by maintaining an excessively large position in the silver futures market the banks control the prices of precious metals such as gold and silver and the trade market as a whole in the face of bullish fundamentals. While disagreeing to the statements that the prices of precious metals are manipulated, the experts add that all commodity market prices change according to the changes in demand and supply and buying or selling pressure. They say that when the demand for silver and gold is high, their prices are also reaching new heights. If the buying pressure is more as there is a lot of buyers who want to buy it, the price of whatever is being purchased is forced to be increased. In contrast, if there are lot many sellers selling something, the price moves down. But despite the facts discussed by the experts, the so-called “clean out” of these markets, a pull back in prices does not seem to come true in foreseeable future. It is crystal clear fact that the gold and silver prices are not going to come down! The writer is an accomplished journalist in silver market, mining & stocks, who periodically writes articles related to silver prices, silver spot price including tips on investment in silver. Please visit silverprices.com for more details.
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