Have GS been the right hand of the FED ever since the GFC? If notes against US and other countries physical have been lent to short gold, then GS would be that instrument.
Interesting to see Germany calling the bluff, or perhaps is unrelated. If a lot of gold did need to be purchased to repay Germany, pretty cool if you can print paper to buy it back at 1,200 after selling it at 1,600 to halt the rise above 1,700.
perhaps the above is just hysterical Gold Bug nonsense, I would not know. Looks like we are approaching end game - either way. Love to see the Vampire Squid take a death blow, that even the Fed, could not patch and fill.
Gold Producers, with production costs below 800 will still have workable PE ratio, but would get further smashed ST with no access to capital in a GS scenario. Of course this would also lead to a massive fall of in supply and more death in the junior sector, leading to tighter supplies LT.
Common sense says put some money in SLR NST BDR on dips, the rest into Div paying growth stories in recession resilient sectors.
