OTCPK:MEAOD - Post by User
Comment by
witsguyon Aug 05, 2015 2:16pm
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Post# 23991498
RE:What if....
RE:What if....LbinLoL wrote: Werstern and europe gold miners keep selling their gold on the market with comex price at a time where all confidence in the comex is lost and paper gold keep on smashing towards 0 (its intrisic value). Because its obvious it has no logic and something new will emerge from all that.. but until where miners will wait before standing up together and stop selling gold base on the paper price !? I feel CEO dont care... theyre saying to themselves theyll try to make it work in these conditions and try to be the last miner standing so theyll become rich when all others go bankrupt... but this make no sense.. why would it reverse if no one wants to buy paper gold, and that physical gold is not available... this will change only with blood and a revolution... otherwise the entire mining sector will break down
Paper gold is really just a function of dumb money... when I buy bullion I buy the metal and put it in a safe place as I am sure you do. The paper money craze is totally disconnected from economics except their "reserves" are tied to the gold price really nothing more nothing less. I am sure you don't want the end of the world and revolution, maybe I am wrong. If that happens no amount of coins will save you against the only real thing you need at that time.... guns and ammo!