Gold. GOLD!!!!! Gooooollllllllllddddddd!!!!!!!!

No Gold has been removed from the vaults since we came off the Gold Standard. The gold is only .900 because most of it was scraped from coinage.
 
ChesusRice said:
Wow what is happening to the price of gold? Imagine if we were on the gold standard. We would be destroyed economically.
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Actually thats backwards, its because we are NOT on the gold standard and running on paper with no limits on printing that gold is fluctuating.
 
If the COMEX and the FED are trying to scare people into selling all their physical silver/gold, this time the plan backfired. More people bought gold after the slam than before it. If they are trying to get the weak hands to sell it isn't working, the strong hands are holding and buying more. Looks like the only way to get them to sell is to let the price go up.

Since silver is one of the most indispensable metals with almost no substitute, producers who need that silver are ready and willing to pay more for it since only a very small amount is actually used in each device. If the price of silver went from $22 to $220 each ounce, a producer would only see his cost increase by several dollars for each item made.
 
How did this country get away with making people give up all their gold. Now that's government out of control
 
londonfog said:
How did this country get away with making people give up all their gold. Now that's government out of control
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FDR got away with a lot of unconstitutional shit because people loved him and times were tough. He tried to change the supreme court to 19 members so he could stack it with the "right" judges because he received some unfavorable (to him) rulings. 12 years gave him enough time to stack the courts to ignore the constitution as well. He sold SSI as a sort of whole life policy and lied to the public to get it passed, he locked up US citizens based on heritage. He used tax payer money to study the validity of eugenics during a depression. He is seen as one of the greatest ever by the left.
 
No one was forced to give up gold the public willingly sold it. many people held what they had a lot sold.
 
ginwilly said:
FDR got away with a lot of unconstitutional shit because people loved him and times were tough. He tried to change the supreme court to 19 members so he could stack it with the "right" judges because he received some unfavorable (to him) rulings. 12 years gave him enough time to stack the courts to ignore the constitution as well. He sold SSI as a sort of whole life policy and lied to the public to get it passed, he locked up US citizens based on heritage. He used tax payer money to study the validity of eugenics during a depression. He is seen as one of the greatest ever by the left.
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He also created programs that restored much of the land that was destroyed by private businesses.
 
Balzac89 said:
He also created programs that restored much of the land that was destroyed by private businesses.
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no, that was the OTHER roosevelt.

franklin was more interested in building shit and wrecking shit than preserving shit or restoring shit.
 
What's happening are there are large paper sales going on, so large that it's highly unlikely any investor is making the sale, but rather people who can afford to lose a billion dollars on a single trade. Large sums of gold aren't sold like that ever. Thanks Central Banks, you're doing your best to prop up your failing currency.
 
OGEvilgenius said:
What's happening are there are large paper sales going on, so large that it's highly unlikely any investor is making the sale, but rather people who can afford to lose a billion dollars on a single trade. Large sums of gold aren't sold like that ever. Thanks Central Banks, you're doing your best to prop up your failing currency.
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Whats happening is all the hype about gold turned out to be exactly that
Hype
 
Also, interesting how Goldman said in advance that it was going to get out of gold. Why would they allow people to "jump" on this information before they actually make a move? This is not like them at all. They are just manipulating the market for their own benefit, as usual.
 
ChesusRice said:
Whats happening is all the hype about gold turned out to be exactly that
Hype
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Sorry, no one sells massive amounts of gold all at once. It guarantees a huge price drop and means they will lose significantly on any sales.

2000 tonnes of gold was recently shorted (naked, meaning no actual physical gold was required). This was what initially drove down the gold price. And people react because they think the market is telling them something it's not (because there have been backroom manipulations involving only paper).

Meanwhile Goldman is telling us in advance what they're going to do, so the little guy can jump ship first and possibly cost them money in the process? Sorry, it's obvious manipulation.
 
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