Originally posted at Sprott Money April 15, 2016
Precious metal bugs around the world, rejoice! You can take your tin foil hat off and set it on your night table. The banking elite is beginning to fracture in their unity and one key player has admitted to something that we never thought they would: rigging the precious metals markets.
You read that correctly; Deutsche Bank, which suddenly turned somewhat gold positive earlier this year, has just reached a settlement in US litigation, which accused the banking institution of manipulating the gold markets on an ongoing basis.
This settlement is an admission that they have been involved in corruption in the metals markets in the past, and it is an admission that we "tin foil" hat and "conspiracy theorists" have been correct all along. GATA and many other key names in the precious metals community have been shouting this from the rooftops for years and are now vindicated.
Yet this admission, which could be the beginning of the end for the banksters, is not the most shocking aspect of all. No, there is much more to this story that needs to be delved into and analyzed. Deutsche Bank is not stopping with their admission of manipulation; they have agreed to go even further and uncover additional key members who have been involved in one of the greatest financial scandals in our modern era.
Where this will go from here is yet to be seen. But you can undoubtedly assume that the financial elite will fight back, as they cannot afford to simply "roll over and die." They have far too much invested in the current financial structure that exists.
Not only will the financial elite fight back, but Western politicians and Central Bankers will aid them in their cause, as they consider keeping the price of gold down a matter of "national security."
With gold being the canary in the gold mine, it is more important than ever for the elite to keep gold suppressed. The world stands on a knife edge and is peering over into the abyss below.
They know that their Ponzi scheme could come unraveled any day, especially with one of their previous allies, Deutsche Bank, now turning on them.
It only takes a small, but growing, majority of us to continue on with the fight and set the world back on its correct, true and honest path. The path of free money and prosperity, the path paved in gold.
The views and opinions expressed in this material are those of the author as of the publication date, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.