The coffers of the central banks are empty. The collapse of the price of gold has been planned

Eric Sprott, fund manager [1], argues that the current collapse in the value of gold has been long planned by the central banks of the United States and Europe, to take advantage of low prices and fill bullion safes now empty.

According to Sprott, the coffers of Western central banks are empty and since the news should not have been disclosed, here that was organized a reduction in demand for gold in a very short period of time. At first brokers and western commercial banks have advised clients to sell gold. The institutions themselves have held their positions 'short' bearish on the COMEX. When bidding for the benchmark price of the precious metal has surged, the statements about a reduction in the extent of monetary easing measures by the helmsmen of the lead institutions did the rest, driving down the prices. 

Speculators such as hedge funds have opened an avalanche of short positions, futures markets have suffered a blow on the metal and gold stocks are at all-time lows. A global operation to increase the supply and to keep down the levels of demand. 

But now the central banks no longer have a way to still get off the price. Given the still high demand for bullion and the shortage on the supply side, Sprott believes that behind the collapse of temporary gold there was a hand of Western central banks. Have flooded the Compex (the market is not physical gold) and then rake ingots from other sources available at low prices. A clear signal that central banks are running out of gold.



1. Eric Sprott