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slange

11,470 Posts.

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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.
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gold, page-23

Top Stories

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

A new NASDAQ listing for a key player in the global critical minerals space

History repeats for DroneShield investors but carnage so far subdued

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

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