This is an eye opening piece about the fraud that is precious metals trading.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_Andrew_Maguire_%26_Adrian_Douglass.html
This is a US and European National Security Issue. There is currently leverage of 100-1 in terms of paper gold to physical gold available at the LBMA.
What happens when investors demand physical gold?
The easy trade here is to short the Euro, Yen, and USD and buy Gold and Silver hand over fist.
Thank god my mother was buying gold all throughout the 90's.
This really made my Sunday. Enjoy.
Yea, these morons that gave us the derivities bubble are at it agian, The problem with keeping gold artificially low is, that the people in the know (which seems to be everyone except the investers) will just take advantage of the low prices and buy more gold until it is all gone.
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