Post by
marketsense on Jul 20, 2015 3:06pm
GOLD
Price being hammered by sellers swithching to cash as in US$? What an amazing con job
being pulled off right in front of you. The US$ is now trumping gold as the strongest form
of capital that exists. Makes my head shake when ever a fiat currency which is being
QE'ed to infinity, a la 0 interest rates becomes a better alternative to holding gold, then
there is something very wrong in economicsville. Gold cannot be printed and QE'ed like
fiat, and yet in exactly this environment of global fiat expansion beyond anything the world
has ever seen, gold is being debunked and trashed. Where are the consequences of
runaway monetary expansion? So far there haven't been any despite massive global
QE and astronomical global gov't debt, and massive gov't intervention to try and jolt us out of
deflation. OK, you sell your gold and hold US$ but I'm keeping my physical. As for TMM,
like many other now marginal operators, the may be put out of business, but maybe thats
what the market needs. Sorry, but no one can stay in business very long when your below
the marginal cost of production. Get ready for massive consolidation.
Comment by
Goldhound3 on Jul 20, 2015 3:34pm
You could be right. TMM has been getting pounded down every week with no end in site. The stock is down almost 20% today a couple more days like this and the company will be shut down. 5 more days of this and the stock will be at zero, Even if someone came in and bought them out for a 30% premium we all would be in the red big time