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clock Created with Sketch. 05/05/22
07:58
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Originally posted by ramAustralia
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The "price" of gold and silver (paper gold, paper silver) is being suppressed by the fiat controlling central banks (but mostly the British and American banks) selling (shorting in the futures markets) gold and silver they don't have. Eventually (very soon now) industrial demand for physical metal is going to lead to a serious short squeeze. That has already happened to other precious metals, e.g. platinum and palladium. Monetary demand for physical gold and silver will further add to the squeeze.Just a reminder, the leads connecting ICs to circuit boards in modern electronics are mostly made of gold. The relays and motors used in modern robotics use prestigious amounts of silver. Modern high technology items are highly dependent on gold and silver.
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The UK made some changes in the law regarding paper gold and that limited what banks could do with it and the sooner PMs paper market is banned or heavily policed the better as it is a distortion of the market being in many cases "made up values" such as banks make up money
