Is there a relationship between an increase in the manipulation of paper Gold and Silver prices and the sudden appearance of counterfeit coinage on the market?
First, let’s review this video from the Hamilton Police Department in Ontario Canada:
The CBC broke this story in Canada on April 25, 2013 stating:
“You wouldn’t be able to tell the difference (with) the naked eye. The coins are actually very high quality fakes,” Const. Mike La Combe said in a Hamilton Police YouTube video. “They are silver and nickel-plated, which gives them the look of an actual silver dollar. However, when you cut them open, you can clearly see on the inside, they are brass filled.”
The video shows some of the roughly 500 fakes that have been confiscated so far.
“They are worth practically nothing, just a couple cents each,” La Combe explained.
LaCombe is a pawn unit investigator and says the coins are being bought online, then sold at “golden” times for the seller when shops are busy or with little staff. During the rush, employees may not have the time to do all the proper authenticity checks, giving criminals the chance to sell fast without getting caught.
Why is this important? In the same rush inside the United States there is a panic to buy and sell physical coinage based on the idea promoted by the financial media that this is a repeat of 1980-1982 where gold and silver prices collapsed and remained dormant for essentially twenty years as the central banks pressed ahead with a massive currency manipulation to assure the United States of its reserve currency status.
The true test of a fiat currency and phony economy is to determine just how far it can be pushed before the average citizen panics and desires an alternative real currency versus the nonsense pushed on the masses as reality. The best example of this is a quick comparison between the crash in the so-called paper silver market versus physical demand:
The chart of silver prices above is a totally from reality because it is a blatant attempt to manipulate markets and force that small percentage of the population out of the physical metal to help the banksters repay and repatriate hard currency to real customers that they can not fulfill. The margins on Silver American Eagles reflect that in no uncertain terms as per 24hr Gold the 52 week average is still at 26.46% and at many dealerships that actually have inventory, north of 35%!!!!!
(source: 24hrgold.com registration required)
Yet with all the real evidence people think that governments are not going to promote stories about fake gold or counterfeit sliver on the market? There is a concerted effort by the central banks of the world to dissuade citizens from holding real money and to trust the fiat fallacies they have been promoting in one last ditch effort to save the flailing economies of the West and pray that the suckers will remain and absorb the soon to be hyperinflationary structure being installed to bail out the financial system and the hundreds of billions of dollars, pounds, euros, and cow dung in obligations! So why not promote stories about collapsing market prices and counterfeits to stymie record demand, it’s the last page in their playbook and all they have left!!!!
If anyone think that the system will survive then of course that individual is at the wrong website. I preach doom because history teaches us that man is prone to greed and failure when solutions based on an alternate reality are attempted. The destruction of retirements, freedom, and purchasing power which will soon follow. It will make many who are shunning today’s physical prices including the premiums ask the question their grandchildren will demand an answer to also:
Why did I wait so long to think about buying physical gold and silver?