2008 Crash.

We know that JPMorgan Chase and HSBC sold 10 percent of the world's annual gold production and 25 percent of annual silver production in one month.

We know from market analyst Don Coxe that the government took down commodities. (See

We know there were at least half a trillion dollars of currency swaps.

If they did it once could they do it again

Soros

He increased GLD holdings to 6% in his $40B portfolio, by 500 times in 09/2009. He has 10% of his portfolio on PBR, Brazilian national oil corp. Oil and gold, that is what he really loves.

George Soros as with China, its not their gold or commodity holding which are of concern, its their non commodity assets, its the dollar with China and I suspect as for the likes of George Soros and Warren Buffet the Dow could be a problem if it correlates with the 1930s.crash

If you go back to 1998 when Warren Buffet cornered the silver market, it only took a small amount of his assets for the price of silver to take off, the problem that these ultra wealthy people have is the size of their assets and how best to preserve their value. If they were to put them all into gold the price would go to the moon and further cause the Dow to crash.

John Embry

In the latest episode, there has been dramatically more central bank gold expended. Credible estimates suggest that more than 15,000 tonnes, or roughly half of the central banks' supposed reserves, have already hit the market and are long gone, dangling from the wrists and necks of Indian women, filling vaults in the Middle East and Russia, and, in ever-greater quantity, migrating to China.

In the era of the London Gold Pool, only around 3,000 tonnes were sold to maintain the $35 price. This time the exercise has been dramatically larger and has occurred over a much longer time frame against the backdrop of a considerably more fragile financial structure, particularly in the West. So all of you are free to use your imagination to estimate how high gold is going to go this time.

To comment on Beltedclear question regarding gold manipulation, if the past is anything to go by there is nothing sacrosanct with any countries gold reserves, if the sale of its people’s gold fulfils any short term vested interest. At this point in time my personal preference is to remain fully loaded for the long term..