View Single Post
Old 08-29-2013, 15:33   #1
Glocksanity
Senior Member
 
Glocksanity's Avatar
 
Join Date: Feb 2012
Location: Los Angeles, Man, Los Angeles
Posts: 1,723
$55,000 Gold...How it happens

FOFOA really does a good job of explaining how this happens.

http://fofoa.blogspot.com/2013/08/five.html

The BIS basically wakes up one day and says, 'Hey, we buy gold for $55,000 and we sell it for $56,000.

Boom. Paper markets for gold at $1,400 collapses and we have a new price for gold.

Bread is still $2 a loaf. Gas is still $4 a gallon. And everyone holding gold gets a nice bump in real wealth.

Why does the BIS do this? Read the article and find out!!
__________________
G21~G26~G30~G34

Sic semper evello mortem Tyrannis!
Glocksanity is online now   Reply With Quote