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Posted on 4/13/13 at 8:28 pm to Bunk Moreland
They can scream all they want, the price is the price.
There is no doubt it's orchestrated. The banks borrow (paper gold) depository gold at a fee of 1-2% on the year. They sell the gold on the open market using the paper receipt as collateral. All very legal by the way. The purpose is to drive the gold price down.
There is no doubt it's orchestrated. The banks borrow (paper gold) depository gold at a fee of 1-2% on the year. They sell the gold on the open market using the paper receipt as collateral. All very legal by the way. The purpose is to drive the gold price down.
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