frightensome stuff like this—
What is happening has nothing to do with real markets or real supply and demand. What we are seeing is governments trying to obfuscate their total mismanagement of the economy and the currency. So far, the bullion banks have been fortunate that gold and silver paper holders haven’t called their bluff and asked for physical delivery. Because we know and the banks know that the day they will need to come up with the real gold and silver bars, it is game over. Because they haven’t got physical gold or silver to cover even a fraction of their paper shorts. Between futures exchanges, bullion banks, including precious metals derivates contracts, there are hundreds of ounces of paper gold and silver outstanding for every ounce of physical backing.
—I mean, where the hell is the problem?
If your government runs a bit short of the readies all it has to do is run off a few million (or trillion?—Ed) more. Bucks, pounds, francs, euros, baht, rupees, shekels … just name your poison. No problems. So there, problem solved and the famous infamous ‘barbarous relic’ once more returned to its grave. Boom boom!
As a bubbling eternal optimist I post thoughts like these only because of the sometime doubts that penetrate even my thick pollyanna hide. (As for the guy who wrote the source article, he’s out for his own buck by creating a demand for his product, no? And who can possibly blame him?)
Like India, China has a deep, ancient cultural affinity for gold, and it knows only too well that “other” Golden Rule: Who has the gold makes the rules.
to read more: CLICK HERE
Here, have a nice gold—
—and be advised that as a housing material for wee piggies it sure beats straw.
Be careful out there~!