 Steve, I respectfully dissagree. You state that "supply will always equal demand". Myself and many others well educated on the subject, believe that for a long time, gold has been "rehypothecated", ie. same ounce of gold sold multiple times, thus having multiple claims on it. This has been done in an effort to keep the price down, during all of this exponential growth of "money" printing ( in reality debt printing). This is not just a theory, as there have been older fed documents released that explicitly state that gold swaps and "leasing" between central banks, have been used for this purpose. Unfortunately, many people who think they are invested in actual gold are fooling themselves, if they are buying things like GLD and SLV ETFs. So saying that there is enough gold to go around, is not an accurate statement. There is enough gold, but only at a much higher price.
The only reasons prices are not much higher, are 1) real gold is being leveraged, likely about 10:1, and 2) other market manipulations, such as illegal market corners by large trading banks, allowing them to manipulate the price with short positions, etc... And make a ton of money off it. This of course goes "unnoticed" by regulators, although I did notice that the largest European regulator was recently looking into the London gold fixing, which they were suspecting as likely as big or bigger a fraud than LIBOR was. Shortly after this announcement, deutchbank pulled out of the London fix for some reason. I know you have heard all this information before, so I am assuming you either just don't believe it, and still think it is just conspiracy somehow, in spite of all the facts (huge documented short and long positions in both metals by JP Morgan, no gold left for Germany to take back from New York, fed minutes, refusal to audit us gold reserves, etc.....) or you somehow don't think any of this affects the price?!? Please explain your reasoning further. Trust me, these people can not be trusted, and thus the current price of gold is not an accurate reflection of its actual value. Commented 3713 days ago |
