You are viewing a single comment's thread from:

RE: Gold Price Drops $20 in a Matter of Minutes as Crooked Bankers Raid the Market.

in #gold7 years ago

Thanks for the information, very insightful.

It's unfortunate that these crooked tactics seem to have worked on the small investor who only follows price movement and doesn't look at the fundamentals. Sentiment for the small guy right now is so low. But those of us who know how this fraudulent game works keep staking. These central banks must be running on fumes right now, the level of rehypothecation is unreal. I've heard estimates of 100-1 paper to physical ratio on the exchanges, and even 500-1 if you include derivatives. We are getting set up for an good old fashioned bank run, and a sudden loss if faith in paper gold. You either have your metal before this event happens, or you'll never get any. Don't try to time this, be positioned in physical beforehand.

Stack on, and steem on.

Sort:  

You nailed it. Gold is like an eccentric millionaire, playing beggar in the street: people flipping it dimes, but mostly just ignoring it when they're not kicking it down further. Well that hombre is about to stand up and buy the block!

...or is that buy the block-chain?

Coin Marketplace

STEEM 0.20
TRX 0.25
JST 0.038
BTC 97555.31
ETH 3422.82
USDT 1.00
SBD 3.02