Daily Bell: The CFTC just dropped an investigation into silver manipulation. Is it manipulated day-to-day and does it matter?
Jim Rogers: A) It doesn't matter and B) I don't think it is. There are conspiracy theorists
out there who say it's manipulated but I don't buy it. Mainly, I don't
buy it because if it were manipulated like the conspiracy theorists
say, it's been going on for 25 or 30 years. By now somebody would have
told us. You can't keep a secret like that because then the conspirers
would have to be all over the world. There would have to be tens of
thousands of people. By now we would know about it. I'm a little
It doesn't matter, as far as I'm concerned. Silver is going to go
much higher. I own silver and if there's somebody trying to
artificially suppress it, more power to them because in the end it's
going to go up even higher. Whenever you artificially suppress
something, once it finally breaks free, boy, does it skyrocket. Look at
gold in the '70s. They artificially kept it down at $35 for a few
decades. Finally the market said enough and it went up over 40 times. - in Daily Bell
Monday, October 15, 2012
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