GREY:COLUF - Post by User
Comment by
Spillyon Jun 20, 2013 1:03pm
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Post# 21548802
RE: RE: RE: POG Down
RE: RE: RE: POG Down These instruments (paper gold) have to be taken off the market. And that's where "To Big To Fail" comes in. As with the subprime mortgages, the govts. of the day will issue more paper currency to pay these culprits to take these off the markets. Hence, maintain job employment etc. and the culprits get exceedingly rich. They know this and that's why they do this. Its the system. They're are no checks in place. The price of gold is just not tied to the actual amount of physical gold in the world and so the laws of supply and demand do not apply. This is not market correction taking place today, this is market manipulation.
As to CSI, I'm invested heavily and also am dismayed at what is happening. When you see Sandstorm and others pouring in real money to develop a mine to produce physical gold, tangible and desirable; and then the market manipulation taking place by the huge players, it is disgusting. I'm in for the long haul, and will not be selling to cut losses.
Maybe there should be two prices: 1) VIRTUAL GOLD 2) PHYSICAL GOLD