nononameo

Law of Supply & Demand Is Dead for Gold & Silver

I don't think there is any gold in Ft Knox. If there is, it has been leased or loaned. the net position of the US government/Federal Reserve is a short position. Not only do they not have any, they are liable for gold they don't own. See the quote from Greenspan above. Fiat money has no tangible asset backing whatsoever.