TSX:LSG.DB - Post by User
Comment by
goldhappyon Jan 15, 2016 2:00pm
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Post# 24462893
RE:RE:RE:Dow down 500 points
RE:RE:RE:Dow down 500 points Banks and Governments tend to tell the public gold is not the basis of real money. They print and loan paper dollars like a drunken sailers. On the other hand some governments and banks store huge fortunes of gold in vaults.
Now in this day and age finacial institutions sell certificates of gold not the real hands on product. The very wealthy !% hold most of the gold while workers take payment in paper. This system will work until people start to refuse paper. The curtain will come down one day.
Now while the market crashes you wonder why gold is not climbing in value. Good question. I would say since Banks and Finacial institutions can fill the void/demand for gold with paper gold certificates they are also likely to somehow control the price of gold. Something like the old supply and demand system. Only differance here is the supply of paper gold won't run out. Something like 300 oz of paper to 1 oz of real gold in supply....and climbing.
The wealthy 1% have their world wide meeting and discuss tactics you and I and the rest of the world are not privy to know. This will play out in their favour. People are but slaves to the system.