Five New Forces to Drive Gold Higher [View article]
It is not a secret to anybody who went bust in the 80's buying Gold on the top, no sorry, at the same price as now ( yes, I know that the Gold buggy will argue about inflation adjusted price of 2000-2500 $ an Oz in todays dollars blablabla but same can be said of Lumber that in today'd $ should be 1000 $ or sugar about 50 $ or Palladium 1500 $ etc.,etc blablabla ) that usually the strongest commodity that finally crashes, crashes the most. In the 80's for example not any other commodity or asset crashed more in percentage than Gold, even Crude Oil that was bubbly then went down 20 30 % but not like Gold down for 20 years. Today we are in the same movie but more dangerous because the role of Gold/Silver ETF's that are involved in the selling process of metals that they don't hold even a gram of it.Shocked? Yeah, GLD or SLV don't have even an ounce of metal they say they do, this sexy pictures of fat guys with 100$ suits sitting on the pile of Gold bars are nothing more than - p i c t u r e s. Who you think will sell this guys a tonne of gold? Gold is a manipulation asset controlled by IMF that acts as a single trader in Gold for other Central Banks, jewellers can buy physical Gold, no problem no questions asked but how much you think they buy? I can assure you it is about the same as in 1980's. If you really believe, that guys from GLD or SLV are holding 1 ounce of it in your name, you must be naive, good hearted fellow as they sold your Gold/Silver and are selling regularly, this is how they make money and this is their agreement with the Fed, you are just an investor in the bigger Ponzi scheme than Madoff and when the floor will be cleaned the dust will fly, think if you are one to clean and decide or the one to fly.
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It is not a secret to anybody who went bust in the 80's buying Gold on the top, no sorry, at the same price as now ( yes, I know that the Gold buggy will argue about inflation adjusted price of 2000-2500 $ an Oz in todays dollars blablabla but same can be said of Lumber that in today'd $ should be 1000 $ or sugar about 50 $ or Palladium 1500 $ etc.,etc blablabla ) that usually the strongest commodity that finally crashes, crashes the most.
Jan 09 08:34 am
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All Comments by ROLEX18K »Five New Forces to Drive Gold Higher [View article]
In the 80's for example not any other commodity or asset crashed more in percentage than Gold, even Crude Oil that was bubbly then went down 20 30 % but not like Gold down for 20 years.
Today we are in the same movie but more dangerous because the role of Gold/Silver ETF's that are involved in the selling process of metals that they don't hold even a gram of it.Shocked?
Yeah, GLD or SLV don't have even an ounce of metal they say they do, this sexy pictures of fat guys with 100$ suits sitting on the pile of Gold bars are nothing more than - p i c t u r e s.
Who you think will sell this guys a tonne of gold? Gold is a manipulation asset controlled by IMF that acts as a single trader in Gold for other Central Banks, jewellers can buy physical Gold, no problem no questions asked but how much you think they buy?
I can assure you it is about the same as in 1980's.
If you really believe, that guys from GLD or SLV are holding 1 ounce of it in your name, you must be naive, good hearted fellow as they sold your Gold/Silver and are selling regularly, this is how they make money and this is their agreement with the Fed, you are just an investor in the bigger Ponzi scheme than Madoff and when the floor will be cleaned the dust will fly, think if you are one to clean and decide or the one to fly.