The smart money is now buying gold.Aden sisters; very wise!
by: glaciernine 07/19/05 09:40 am
Msg: 564793 of 564963
Read their kitco message of 13 July. "The smart money is now buying gold as an alternative to paper currencies." Now HOW does "smart money" do that? They want the price to "come in" to them so they do some low volume price bashing while 'holding the basket.' Not illegal. Every good 'pool operator' knows this since the buttonwood days of "watered stock" etc. They also play the "Plunge Protection Team" for suckers by buying their (usually short) dumpings. As the sisters point out, Sir Alan Greenspan himself, when in his more realistic private sector days (@Townsend Greenspan) said it very succinctly (now very unusual in his eco-babble): "In the absence of a gold standard, there is no safe store of value." Very best,