GREY:VITFF - Post by User
Comment by
nincompoopon Jul 11, 2017 10:31am
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Post# 26455036
RE:RE:Concidence I don't think so!
RE:RE:Concidence I don't think so!Curve, I fully agree that ETF's control the price of gold. That's what I said at the start. It's the bullion
banks the proxies of CB's and central banks who have an 'unlimited' cash supply, they can move
the market as they please...so 'atta boy' it is. From 2003 they could have held the price at $400,
but what would have happened...the west would have lost ALL their gold to the east. Why did Nixon
close the gold window in 71...because they were hemoraging gold at an unsustainable level. Likewise in 2003 they had to let the price go up...in a fairly controlled manor. The crash put extra
pressure on the system and they lost some control, hence the rise to $1920...but they regrouped
and decided they just didn't care anymore about how blatantly they manipulated the price. It's been
legal to do that since the 30's. there are squadrons of black swans circling,
the banks are still in trouble, the 'stress' test was a joke, the data from the real economy is awful,
but they put so much make up and lipstick on it, that that ugly pig still looks attractive to the uninformed.
You didn't answer why you considered Gold is 'relatively' high in price? So where would that put
the stock market, property, Art, and Bitcoin?...in the stratosphere?