GOLD 0.51% $1,391.7 gold futures

admitted to cftc: gold market is ponzi scheme , page-9

  1. 657 Posts.
    I get the feeling that this type of ponzi practice has been going on for a long time; possibly pre COMEX days. It is up to policy makers in every country to rally together and stop this manipulation of the POG from continuing. But you see governments too are at fault because they see increased investment in GOLD as a threat to currency devaluation. Having more investment in fiat currencies gives governments around the world more control over their money supply. They can inflate and deflate their economies at will, 'pulling the wool' over struggle street's eyes.

    One of the reasons the gold standard was removed was that it made the price of exports too expensive to trade and Governments could not pull off their manoeuvres unless they had a massive supply of GOLD. The FED would be more inclined to have more investment into its paper than gold as the alternative. IMO, as long as the Fed reserve monetary system is in existence, the POG will not exhibit its intrinsic value.
 
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