gold, page-77753

Unreal - so the major banks are now opening a gold contracts market in China so the Chinese can buy paper gold rather than physical.
CBs and majors really are trying to soak up demand with paper rather than real gold for the people.
And meanwhile, the ECB is trying to keep yields down on Italian bonds rather than let them find their support and real value/risk.
Lending $$$ to the Italian sovereign should pay 10% over bunds any day of the week. Just look at the fiscal track record of Italy. And greece, Spain. Real price risk has been destroyed by CBs in their efforts to print just to cover the major banks' exposure to everything. Take a loss on bonds? No way. Print. Shouldnt these bonds be rated junk?? No way theyre sovereign debt. Print.Print. Print.