Your post appears to suggest your thoughts/interest in ole'...

  1. 3,575 Posts.
    lightbulb Created with Sketch. 1020
    Your post appears to suggest your thoughts/interest in ole' yella is on whatever events might cause the price to either spike or decline (aka short term reactive type events) at any one time - which seems to be aligned to that of a shorter term trader. IMO, traders will speculate on the money metals at their own peril.

    I personally don't subscribe to gold (or silver) being a toy for the traders to speculate on the shorter term movements thereof. They have been money for many thousands of years (ie - NOT currency) and, in their physical form, cannot be bankrupted and nor do they have any counterparty risk.

    Our FIAT currency system is reliant entirely on the issuance of debt. It is nothing more than a PONZI scheme and, if that is not enough, when the banksters can create as many paper contracts as they desire out of thin air - so they can create a bogus supply and demand equation in order to fulfil their plans, then it is only a matter of time before their castle falls and, from my research, that crisis is not far off.

    IMHO, only those holding the physical metal will survive what I believe to be inevitable is coming. The banksters will manipulate the prices again tomorrow with their paper contracts - but that only creates more opportunity for others. These wars are not what will cause the final crisis, it will be the debt and I do not believe even the banksters will be able to stop what's coming.

    If I'm wrong - then at least I'll have some tangible door stops.


 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.