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Old 08-29-2013, 16:19   #9
.264 magnum
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Join Date: Dec 2002
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Originally Posted by Glocksanity View Post
FOFOA really does a good job of explaining how this happens.

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!!
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