By CryptoFace

For more than a decade, gold sat trapped under a spell, the $2,000 per ounce barrier that just wouldn’t break.

No matter what global chaos unfolded, pandemic panic, money printing, geopolitical tension, inflation, or recession, gold’s price refused to rise above that invisible ceiling.

To most people, this didn’t make sense.

We all learned the same basic rule: when supply dries up and demand skyrockets, price goes up. Simple. But for twelve long years, that law didn’t seem to apply to gold.

A Global Gold Frenzy That Went Nowhere

Twice during that period, first in March 2020 and again in 2022, the world witnessed two full-blown gold rushes. Pawn shops, jewelry stores, and bullion retailers from Asia to the West saw lines wrapping around the block.

Online inventories vanished overnight. Buyers were frothing at the mouth, desperate to grab anything shiny before it was gone.

Gold was being sold out everywhere at around $2,000 per ounce.

And yet…the price didn’t move. Not even a nudge above that line.

If you’re scratching your head and wondering how that’s possible, don’t worry, you’re not crazy. The answer isn’t in economics textbooks. It’s buried deep in the paper markets, hidden behind decades of manipulation by the financial elite.

The Puppet Masters: JP Morgan, Bank of America, and Credit Suisse

Here’s where it gets real.

During this time, the top three banks trading gold, JP Morgan, Bank of America, and Credit Suisse, collectively held over 70% of all short-side paper positions in the gold market.

Let that sink in. Seventy percent.

That means these banks were selling gold they didn’t own, betting on its price to stay suppressed while the rest of the world was buying physical gold like mad.

Even with retail traders, investors, and everyday people buying bars, ETFs, and futures contracts, the scale was no match for these financial giants. Their massive short positions acted like an anchor, keeping gold’s price pinned underwater no matter how high demand soared.

And this isn’t some conspiracy theory, this is documented history.

In August 2020, two JP Morgan metals traders, Gregg Smith and Michael Nowak, were convicted of fraud, attempted price manipulation, and spoofing. A month later, JP Morgan agreed to pay $920 million to settle U.S. government charges. Pocket change for them, but a clear sign that the game was rigged.

For over a decade, this manipulation kept gold’s natural price action suppressed.

It was as if gold could never see the light of day without a “2” in front of it.

The Breaking Point

I remember live streaming back then, ranting in disbelief:

“We’re NEVER gonna f***ing see gold over 2k!”

I sounded like Cornholio from Beavis and Butthead, losing my mind on camera. And I wasn’t alone. Even long-time gold bulls like Peter Schiff were out there metaphorically kicking cans down the sidewalk, wondering if they’d ever see the day gold broke free or if they’d have to listen to crypto traders mocking them forever.

But then, it happened.

The Day Everything Changed: March 19, 2023

On March 19, 2023, the gold gods finally intervened.

News broke that Credit Suisse, one of those key short-side manipulators, was getting absolutely REKT behind closed doors.

The situation was so bad that the Swiss government had to force a buyout by UBS to prevent total collapse. Behind the headlines, something even more powerful was happening: their massive short positions in gold were being margin called, rebalanced, and liquidated.

In simple terms:

Credit Suisse had been sitting on a mountain of paper gold shorts, and when the walls started closing in, they had to unwind them. Fast.

That unwind was the spark that finally broke the 12-year suppression.

By June 2023, the UBS takeover was finalized and the invisible chains holding gold below $2,000 snapped.

Gold Unchained

Once that artificial weight was lifted, gold started to move like it had been holding its breath for a decade. You could almost feel the release of pent-up pressure, years of manipulated resistance breaking all at once.

Now we’re entering a new era.

Gold is no longer shackled by the same players who dominated the market for years. The price action we’re seeing now? It’s more natural, more organic, and more responsive to real supply and demand.

And make no mistake, the demand is massive.

Central banks, private investors, and even nations are stacking gold again. Everyone wants something tangible. Something real. Something that can’t be printed or deleted.

What Happens Next?

So where does gold go from here?

Nobody can predict the exact number, and anyone who claims to know is full of it. But after watching gold get suppressed for over a decade, I wouldn’t be surprised to see it hit $10,000 or even $20,000 per ounce in the coming years.

Sounds crazy? Maybe. But remember, when something’s been artificially held down that long, the release can be explosive.

Just look at Bitcoin after Mt. Gox. Look at silver after Hunt Brothers. Look at any market that’s been cornered, then freed. The rebounds are violent, fast, and unforgettable.

Why This Matters for Traders

This isn’t just about gold, it’s a lesson about markets in general.

Every chart tells a story, but not every story is honest. The same manipulation that kept gold suppressed for years happens in other markets too: equities, commodities, even crypto.

The difference is whether you can see it coming.

That’s why I built Market Cipher, to give traders a visual edge.

When I saw what the banks were doing to gold, it reinforced why real-time momentum, money flow, and volume analysis matter.

You can’t fight the whales, but you can learn to ride their waves.

When Credit Suisse collapsed, it wasn’t just a banking failure. It was a reminder that no system built on manipulation lasts forever. Eventually, the truth breaks through.

The Bottom Line

The 12-Year Gold Suppression Depression is finally over.

The puppet strings have been cut, and for the first time in years, gold’s price is being driven by actual market forces, not shadow paper.

I don’t know how high it’ll go. Nobody does. But what I do know is this: we’re witnessing history.

The world’s oldest store of value just broke free from its modern chains.

If you’ve been stacking, stay patient.

If you’ve been sleeping on gold, it might be time to wake up.

Because this story’s just getting started.

— CryptoFace