sandspider

Gold In Backwardation? Not So Fast ..

Back to my previous comments from here in the sand box, with the new silver exchange that Dubai is putting together that will be in real competition with the scandalous comex and Saudi and UAE quitely purchasing billions of $$ worth of gold...and China and Russia preparing to do the same...and some rumors are that they are already doing it under the table every time the JP Morgons and corrupt inc shorts non-existant gold to drive the price down. Wait till the Gulf Cooperation Council (Saudi, Kuwait, Bahrain, Omar, Qatar and UAE) put their new currancy together...some say the billions of fiat $ are being spent to purchase this same gold to back along with oil a strong GC dinar. Hmmmm, yup gold is dead allright...keep on believing what you will...while those of us that visit Dubai keep stocking up...No cheap imatation 14 k stuff in Dubai...smallest % is 18 K and most is 20 to 22 K. Buy it by wt. long lines these days of people from all over the globe that don't want to deal with the so called criminal regulators back in the states. Yup gold is dead...gold is dead...if you repeat it long enough maybe some of you brain washed pigeons state side will really believe it.