In this 7th Episode of CryptoScam, I talk to Andy Hoffman of Miles Franklin about Manipulation with the focus being Gold – his specialty. My overall position is that I do not believe in a Global Government Sponsored Conspiracy that has been depreciating Gold for 40+ years. I acknowledge the fact that any asset can be manipulated short term and Gold has been the victim of this manipulation by big banks as recent articles point out. In addition I take the view that the reason Gold even has a stable price is because of all the paper derivatives being traded. If you remove the ability to Naked Short (or Naked Long) which everyone does including myself with a futures contract, the discovery of the price of Gold will be none-existent and behave more like the price of Diamonds (where men are guilted into buying one because women have been convinced that they need a shiny rock). On a final note, I would say that a financial investment in Gold is one only for stability and the Stock Market has historically been a better long term investment (Unless you were lucky enough to go all in Gold 1998-2002)
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