GREY:QNMNF - Post by User
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20/20/12on Dec 20, 2012 10:14pm
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Post# 20759011
Quotes of the Day - FWIW
Quotes of the Day - FWIW | Quotes of the Day |
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Yesterday, $3.5 billion of paper gold was actually cleared in London. This selling was coordinated by the same bullion banks that are active on the Comex. At the same time, they are rigging enough of a decline to cover shorts into capitulating longs on the Comex. But the Eastern central banks are simply sitting back and allowing this defense of the dollar to occur. They know what's going on. -Andrew McGuire Unless the Federal Reserve comes up with a long-term plan for printing food, water, rare earths, silver, we are going to have serious problems because the paper will become worthless. Longer-term, no one is going to keep giving you something that is critical and rare in exchange for something you can just press a button and print. -Stephen Leeb This (PM smash) is nothing more than a planned and executed operation to show you one thing and one thing only - Paper...good, and Gold...bad. Period, end of story. The central banks absolutely must scare you out of Gold to 'show' you that when you are scared, Gold is NOT the place to hide as a financial refugee. They must 'show' you their product that costs virtually zero to produce...has value. They must 'show' you their product is THE place to hide. They must 'show' you through 'proof' that black is white, up is down and that wrong is right. -Bill Holter, Miles Franklin The current scenario where Gold is sold off in panicky fashion amidst the 2 largest central banks and their treasuries(debtors) announcing further gross debasement of their currencies could not have been scripted by a science fiction writer. There is no economist, banker or even 3rd grader that could have heard 2 months ago that the greatest "official" debasement and BANKRUPTCY in history could/would be announced and Gold react with daily sell offs. -Bill Holter, Miles Franklin |