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slange

10,448 Posts.

4066

18/04/16

20:29

Post #: 17536156
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Originally posted by timber1956 ↑

Slange

"You want to buy gold they will sell it to you.
You want to sell gold they will buy it from you."

The naivety is breath taking.

They, being the price making banks, will not stay in business very long holding a stock of gold for customers take (buy) when they please, taking no action to manage the risk. When the price falls they will lose money, and when the price rises, they won't have any gold to profit from.

For someone so critical of banks, I am surprised that you expect them to act like charitable institutions.

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Timber.
The Chinese government is running this operation.
Do you think they are going to go broke.
They have the physical.
Thats all that matters.
They could shut down the comox in the blink of an eye.
4 Upvote

0 Great analysis

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