There has been a substantial amount of press given lately on rumors concerning the
possibility of price manipulation for certain precious metals, namely gold and silver. Spearheading this campaign is GATA (Gold Anti-trust Action Committee), which asserts to have irrefutable evidence on this matter on their web site. In an environment where there has been a considerable amount of questionable practices that gave rise to the financial problems in 2008. It is getting a good amount of attention and no one appears to be surprised and a large amount do not question as being true
Perhaps, the story has it merits or not, but those who concentrate on stories such as this one. Lose perspective of what investing in gold and silver is all about. These rumors do not change the fact that over the long run Gold and Silver have been the best place to harbor from all storms both economic and political. Over its history gold has maintained its purchasing power or better despite of any efforts to allegedly suppress its price. It can be demonstrated that since the year 2000 gold has gone up fourfold. Those who hold the position that gold manipulation theory believe that gold is undervalued and that the price would have been higher had not it been for the intervention. Perhaps, or perhaps not, it is argumentative to espouse this and again history does not bear this out.
Regardless of, whether in the short term the price is been constrained by non-market intervening forces. Gold and Silver remain the soundest investment today considering the current economic and political environment. It is a haven to safeguard one wealth. Fiat currencies have come and gone, but gold and silver are irreplaceable. In the long run Gold and Silver will continue to provide safety and maintain its purchasing power, and short-term events should not come into the equation when considering investing in these precious metals.