Record Hedge Fund Short Position In Silver [View article]
Exactly. Just like Santa Claus, it's a great little fiction that people use to explain away reality. I guess that peak could have nothing to do with an abandonment of the Bretton Woods monetary system, a transition to the petro dollar system, massive deficit spending on war and social programs, etc. Any of that ring a bell?
Notoriously poor market-timers, the central banks purchased 534.6 tons of gold in 2012, according to the World Gold Council. It's the largest amount the banks - last seen unloading their gold at less than $500/oz. - have bought since 1964. [View news story]
The Fed is not a bureaucratic government organization, it is a private bank which does not publicly list its shareholders. The fact that they are buying gold speaks volumes. The fact that the general public is not, but still accepts printed fiat dollars simply tells you where the wealth is coming from and where the wealth will end up.
Record Hedge Fund Short Position In Silver [View article]
Bitcoin: I Hate To Say I Told You So... But I Told You So [View article]
Notoriously poor market-timers, the central banks purchased 534.6 tons of gold in 2012, according to the World Gold Council. It's the largest amount the banks - last seen unloading their gold at less than $500/oz. - have bought since 1964. [View news story]