Honestly, daMoney and slange, you have it worked out.
The banksters, Feds, and Govts really need gold to not be the canary in the mine. So each chance they get, the fiat, paper contracts can kill the POG.
And the intelligent govts (like China) just accept this free gift. Loading up the physical on the paper con.
Now, one day, when a govt has had its fill, they will go on COMEX. They will go long. They will stand for delivery. They will not get delivered, but their holdings in their vaults will increase in value by multiples.
The guys like Timber will be completely bewildered. He says the 'Clearing Houses' make all trades deliverable. But , alas, where were the Clearing Houses to prevent the GFC. On paper it all works out fine. In the real world, not so good.
God, please, let me be alive when the COMEX and paper gold and Clearing Houses all burn. What a glorious day it will be.
- Forums
- Commodities
- GOLD
- Gold pattern pointing up
Gold pattern pointing up, page-712
-
- There are more pages in this discussion • 500 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)