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overtheedge
Member since May 2012
680 commentaries
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has posted a comment on the article :
Doug Casey's omniscience vs. the many records of gold price suppression
- Chris Powell -
GATA
Doug Casey found guilty of incompetence by innuendo concerning the world-wide conspiracy to manipulate gold prices.
No hard evidence required, just admissions that banks regularly buy and sell in the gold market.
If GATA had hard evidence, why have they had such massive failures in the courts?
If GATA had proof, why are only the conspiracy theorists aligned with GATA?
If GATA could sway a court, wouldn't GATA be entitled to compensatory damages and court costs for the myriad of cases brought?
The problem with belief systems is the iron-clad rule that any evidence contrary to the belief MUST be denied, refuted, ridiculed and the offender duly chastised in the public forum.
Oh, and belief systems require no proofs. It is solely a matter of faith.
For the the scope of the conspiracy represented by GATA to exist, the number of participants must number at least in the 1000's and more probably in the 10's of 1000's. Each must maintain a level of secrecy equivalent to the Manhattan Project.
Occam's Razor is calling this conspiracy a matter of odorous bovine excrement. But, ...
the same level of analysis would support the notion that all parties involved in the gold market are looking after self-interests.
Every sale requires a buyer and seller.
Is GATA suggesting each participant takes a turn losing money to keep the selling price down?
What if one participant decides they will only engage in the market when they think they can turn a profit?
Would GATA suggest there is some hidden penalty for failing to lose money in order to suppress the price?
I, for one, don't believe in the goodness of GATA to root out any possible coordinated manipulations in the gold market.
Nobody spends that kind of money out of philanthropy.
First, last and always, remember "cui bono". Who benefits?
Logic would tend to support the notion that someone or someones bank-rolling GATA has a substantial holding they desire to sell at a substantial profit.
Marked increases in the price of gold adversely affect those who are buy and hold customers.
So the questions are, "Who is GATA working for? Who is bank-rolling GATA?"
Just a house flippers adversely affect those wanting to buy a home to live in, so does the efforts of GATA adversely affect those who desire to protect their meager wealth through the purchase of PMs.
Doug Casey can take care of himself.
Can GATA?
Or is the only avenue left for GATA to pursue is character assassination by innuendo?
When only a fraction of a percent of people have ever seen any gold that wasn't fabricated into jewelry, the public couldn't care less about the price of gold.
Think about it. Americans buy an awful lot of jewelry that is gold-plated or gold-filled.
The reason? Its cheap and still has the look. It is ALL about appearances but never substance.
Do the Chinese, Indians , Arabs, etc scurry down to the nearest discount jeweler to by gold-plated crap?
Yah, someone is holding. Probably paper gold. Looking for that once in a life-time killing.
I'm thinking GATA is just the front.
BTW, just what product does GATA bring to market? Perhaps a heaping basket of innuendo?
Commented
3332 days ago
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Beginning of the headline :
Doug Casey, founder of Casey Research, may be admired for his omniscience anyway. In an interview today with Dan Steinhart of The Casey Report -- http://www.caseyresearch.com/cdd/doug-casey-on-isis-gold-oil-and-what-to... -- Casey declares, "The government doesn't care about gold. ... They don't care about its price, and even less about that of silver." Casey adds: "I don't believe in the conspiracy theories regarding gold price suppression. There's zero credible evidence for it, and I'm embarra...
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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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