SLR 0.00% $1.57 silver lake resources limited

In a recent release of govt documents it was revealed that in...

  1. 643 Posts.
    In a recent release of govt documents it was revealed that in 1969 Kissinger met govt goto man of the times (forget his name now) who talked about progressing the plan to corner all the gold holdings of countries into the IMF as a way to remove gold from the system, to demonetise gold, and to remove it as a threat to the USD's power. The problem they saw however was that France would be unlikely to comply.

    Well that plan is obviously dead now with China accumulating more than 2,000 tons of gold this past 12 months, not to mention Indian, Russian etc imports....ie the entire global production of gold is being sucked up Plus a whole lot more....meaning physical gold must be getting harder and harder to come by day after day in any volume.

    But the plan does reveal that for a very long time TPTB in the USA have been the enemy of gold as they see it as the enemy of the USD.

    There is no doubt of course that since its peak at aroun 1900/oz gold has been heavily corrupted to bring its price down as low as possible. Hard to know if the reason is the USA's fear of gold to the USD, or a mechanism run by the Cartel on behalf of China to acquire gold at lowest prices.

    Doesn't matter which, since it must have the support of the USA TPTB else the CFTC would be prosecuting those corrupting banks and have people in gaol. Possibly TPTB don't mind since a falling gold and silver price helps the USD and China.

    Until of course the whole game blows up and the hedge fund shorts get massacred, if they are not in the game.

    Now the added problem is gold and silver mining companies putting their mines in mothballs... reducing global availability of gold even further.

    You would think that the availability of physical gold will get to a point where it will suddenly dry up...and the only way that gold will be had is if true market forces set the price.

    Who knows how long that is going to take....but it will happen, so it is worth sitting on physical gold and silver for the inevitable movement up in rapid multiples.

    In the meantime metals stocks have been crucified and hanging on by a thread.

 
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