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The gold plunge continues, page-925

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23skidoo

2,731 Posts.

107

16/10/14

19:06

Post #: 14136286
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Originally posted by 23skidoo ↑

Radeon, in smashing the gold price, the gnomes of the London square mile are just facilitating the transfer of the World's gold to Asia. This is happening BY DESIGN, not despite their actions.
Why would you be disappointed with gold's performance this year when China and India buy when they are happy with the price, thus contributing to a period of relative price stability.
IMO gold has to wait for one or both of the following events
The next Chinese update on its gold hoard
global bank failure

Is their much serious doubt about the inevitability of both of these events?
the timing is the only question left. Every day brings them closer. Every day brings I ncreased market volatility. Every day brings more warnings..
i don't think Ebola, Ukraine or even the ME war make a jot of difference. What is set in stone is a monumental financial meltdown and resultant reset and redesign for the world financial system.
Cash and pm's outside the bank, and freehold real estate will be my antidote.
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Sorry radson, I could learn to hate my iPad!
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