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Glyn G
Member since May 2012
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Gold Slam is a Massive Wealth Transfer from Our Pockets to the Banks
- Chris Martenson -
Thanks for publishing this info. I find it astonishing that clued-up individuals in one night can plainly record instances of clear manipulation, which the regulators are incapable of finding after 4 years. The thing is....they are only able to make money through auto stop-loss mechanisms. If people didn't use them then this wouldn't have happened. In some senses the silver and gold press help and assist them in that. Clive Maund has been saying for the last few months that $26 was key support so set your stop-losses there. Everyone uses the same charts and mark the same areas of resistance. That in effect signals to the manipulators where to aim for. It's also indicative that many people buying PMs still don't really get it. They are thinking of the value of PMs in fiat. They flee to the exits at the slightest sign of a drop in value against fiat. It probably suggests there are still many speculators in PMs using leverage. They're easy pickings for the manipulators. It's perverse and immoral but they set themselves up to be fleeced. The people that bled the US mint dry of silver for Eagles this year...they get it!
Personally speaking I try not to get too involved with the price of my silver in any currency. It's a question of attitude. There's something perverse about commentators telling us to get into PMs because the value of fiat paper money can no longer be trusted, and then getting upset when the perceived value of gold and silver fall against paper. I don't set stop losses because I don't care what the perceived value in cash is. I have the same amount of silver I did last week. What it's worth in paper money isn't important to me because I no longer trust fiat money. Fiat money is being created so fast no-one has any idea what it's worth. One of these days people will stop measuring the value of their bullion in terms of the cash it can be swapped for. Instead they'll know exactly what the bullion is worth but have no idea what the value of their cash is. I look forward to the day I can buy a house and the sellers prefer to take payment in bullion.
One thing I can say for sure. This transfer of wealth to a tiny minority is going to end very badly. It always does.
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4019 days ago
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I am very disappointed by, but not surprised at, the latest transfer ofweath to the bankers from everyone else. The most recent gold bear raid has vastly enriched the bullion bankers, once again, at the expense of everyone trying to protect their wealth from global central bank money printing. The central plank of Bernanke's magic recovery plan has been to get everybody back borrowing, spending, and "investing" in stocks, bonds, and other financial assets...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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- 20/04/2013 à 20:03 GMT
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