Too much paper GoldThe "Cartel" as John Embry calls it are able to manipulate the POG by selling Gold on paper.
I can't wait for them to have to show this so called Gold they say they are holding and for Shorts to have to cover.
I recommend don't buy funds that say they are trading or Holding Gold bullion. Who's auditing them?
Gold is Heavy and not easy to move around, no one moves that amount of Gold in such short periods of time.
Take today as an example POG moving nicely and steadily upward, than what happens, a big down swing.
I think we should confiscate these "accountant's" computers, pens, pencils, crayons whatever they are using or could use to fudge the numbers.
I have personally seen some trying to sell their paper Gold but can't cash them in. Not even to the institutions they bought it from. For Cash or Bullion.
Some even offering
.50 to
.75 on the dollar.
Hmmm
The house of cards will fall and I'll be waiting.
JMHO
GLAH
See attached John Embry interview from Sprott
https://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/1/8_John_Embry.html