GREY:VITFF - Post by User
Comment by
nincompoopon Jul 08, 2017 5:10pm
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Post# 26447680
RE:RE:RE:Re Gold Price!
RE:RE:RE:Re Gold Price!I like Curve where many don't, he knows the gold mining business very well, where he falls down
is on strategic control of the Gold price...he says if it wasn't for the ETF's the Gold price would collapse...the reality is, it's the ETF paper gold which is used to keep a lid on the gold price. When
$2 Billion of gold is dumped on to an illiquid market at times when traders have left the desk,, do you think that's physical Gold...or paper ETF gold...it's paper every time. Who in there right mind would dump in that fashion to get the best price? Comex has over 300oz of paper gold
to every oz of real gold, if 2 out of 300 customers wanted delivery of real gold, they're in trouble.
Central banks around the world are now buying gold, China can't get enough. There is massive
soverign debt around the world, the totally distorted markets at record highs, property prices the
same...do you see that reflected in real life? Asset bubbles are everywhere driven by QE & zero interest rates. Alan Greenspan now admits how important Gold is, he always played it down when the boss of the Fed...Eddie George, former Govener of the Bank of England said his biggest
mistake wasn't controlling the price of gold...well they've learned their lesson well, and now they
do. Conspiracy? Deuchedank biggest bank in Germany have pleaded guilty to gold price
manipulation, and they've done a deal spilling the beans on 3 other banks, gold to debt is massively
undervalued.