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Jim Roache
Member since May 2012
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Is Gold in a Bubble ?

- James Turk - Goldmoney

Of course there is a bubble - a paper bubble. If we can't get back on a bullion footing in bullion markets - by at least everyone here demanding bullion - as well as dealing head on, i.e. pushing back, on all the other schemes being run, they can control the price forever. The fact that gold never doubled last week when demand in the EU and Japan was going wild made me angry. I guess I wonder why I'm the only one.

I'm not even sure it's legal to run the gold/silver markets/exchanges on a reserve basis like a bank - where it that in law? - especially when the client is an unsecured creditor, left holding a silly piece of paper in their hand if they push the price down. With paper, they can!.

That's worse than what they are doing with paper money. It defeats the whole purpose and violates every definition of gold/silver as a store of wealth. On top of all that they leverage, swap, lease, and leave unsecured 95% of what's in the vaults. The excuse is conveience - BS - and that includes ETFs. Paper in lieu gives them control over the value; it short circuits supply and demand, like they have with derivatives and currency - and I'm madder than hell!

Commented 5076 days ago

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