Hammering the POG in the pre-market...
Hmmm ain't seen this before...for years...
Quoting the State Department 1974 Cable as the CRIMEX was coming online:
TO THE DEALERS' EXPECTATIONS, WILL BE THE FORMATION OF A SIZABLE GOLD FUTURES MARKET. EACH OF THE DEALERS EXPRESSED THE BELIEF THAT THE FUTURES MARKET WOULD BE OF SIGNIFICANT PROPORTION AND PHYSICAL TRADING WOULD BE MINISCULE BY COMPARISON. ALSO EXPRESSED WAS THE EXPECTATION THAT LARGE VOLUME FUTURES DEALING WOULD CREATE A HIGHLY VOLATILE MAR- KET. IN TURN, THE VOLATILE PRICE MOVEMENTS WOULD DIMINISH THE INITIAL DEMAND FOR PHYSICAL HOLDING AND MOST LIKELY NEGATE LONG-TERM HOARDING BY U.S. CITIZENS.
And let's face it, not just US citizens but most people that live in media propaganda cesspits. Especially the vast majority lulled into believing that the trillions in paper toilet paper being printed will always have value whil ignoring what Central Banks have done for hundreds of years ie systematically debase their currencies.
Theft by inflation. It will come...afterall, this is now stated policy for the CBs - like this is a good thing! Yes please let me pay more to everything... WTF! Insane times.
(How did you go bankrupt? Slowly at first, then all at once.)