Some banks will buy gold. in 1933 FDR made the possession of Gold Illegal and had Government agents seize the citizens private gold. If you were found to carry gold it was 10 years in prison or a 10,000 dollar fine. Agents came to banks and forced open peoples safe deposit boxes and took the gold and paid everyone $20 for each ounce. Once they had all the gold they could find ( They never found the buried gold) they revalued it at $35 and stole even more money from frugal saver citizens.
US citizens were banned from owning gold and could only use Silver. Now someone from Canada or other countries could own all the gold they wanted and live in the US, even bring US dollars to the reserve and get gold in exchange, but it was very much illegal for our own citizens to do that. In 1971 Richard Nixon closed the Gold Window and opened the inflation window so that we could fight the vietnam war and just print all the money we needed to do that. in 1975 the US decided to lift the Gold ban hoping to provide some economic stimulus from investors. Instead the double digit inflation caused gold to increase by 2000% in a mere decade. Huge vast profits were made by anyone wise enough to have bought at $35/ounce and sold at $850. When Reagan era and Vodoo economics came around the markets were deregulated and massive short positions by large banks were not being regulated (And still aren't). There are rules and one of those rules is that no single entity may control more than 5% of a commodity, that ensures they cannot influence prices with large positions. Well those 2 big short positions control 95% of the market, but no one in the government does anything to stop this blatant fraud. You can only hold this position for so long, as the silver stockpiles are at last used up there will be a frenzy of activity and those large banks will have to eat those short positions.
Just so any laymen know, a short position is like the opposit of buying a stock, when you short something you are betting on the price of it going down. If you are long on something that means you think the price will go up. Just so you know the 401K is expressly designed by the government to only let you play the "Long" market. Gives them plenty of time to let a bubble grow, then design systemic economic collapses so they can usurp more power and the moneyers can get more assets at rock bottom prices. Your assets.
during the economic collapse of 1879, people took to the streets of New York and pulled Bankers out of their offices and hung them from the street lamps.
in 1125 AD King William ordered all the Bankers in England to show up for a mandatory meeting the day before Christmas. Over the next 12 days they all had their right hands and testicles removed as punishment for the economic fraud and malfeasance they brought down on the country. True story.
