Balzac89
Undercover Mod
I'll give UB credit for predicting the price trend along with knowing jackshit about how the market works.
The real disconnect is between the physical market and the future contracts. The futures contracts are what heavily determine the price. These future contracts currently represent 100x the above ground supply of gold. That means the market is trading 100x more ounces of paper gold for every real ounce of real Gold.
The market is a sham and the physical metal is drying up.
People are lining up to BUY Gold and Silver, not to SELL it. You can read about everywhere outside of the mainstream media. If it was shown on mainstream media the physical market would be belly up in no time at all.
MY question for you UB, with your great predicting abilities. What happens when the stock piles dry up and the paper contracts are covered by nothing?
The real disconnect is between the physical market and the future contracts. The futures contracts are what heavily determine the price. These future contracts currently represent 100x the above ground supply of gold. That means the market is trading 100x more ounces of paper gold for every real ounce of real Gold.
The market is a sham and the physical metal is drying up.
People are lining up to BUY Gold and Silver, not to SELL it. You can read about everywhere outside of the mainstream media. If it was shown on mainstream media the physical market would be belly up in no time at all.
MY question for you UB, with your great predicting abilities. What happens when the stock piles dry up and the paper contracts are covered by nothing?