Create account

2752d
"The people who market sell billions of dollars worth of paper metals contracts are not interested in making profits. They are only interested in suppressing metals prices perpetually.
If metals were simply allowed
replied 2752d
to go up with inflation(let's say 2% per year) most everyone would own metals in some way or another. Metals are the antithesis to fiat currency, and with governments, they are a love
replied 2752d
hate relationship. Central banks hoard them, which central bankers claim they do so because of 'tradition' and at the same time suppress the price to keep interest in them at a minimum
replied 2752d
and so they can be used in industry.
The paper markets have 0 correlation to the physical markets. One is not the other. Try to understand why there are literally hundreds of paper
replied 2752d
contracts to everyone ounce of physical gold held by the comex.
Why anyone would continuously market sell billions of dollars worth of paper contracts over and over again each time the
replied 2752d
price of metals begins to rise?
I witnessed the market sell order of the 50 million ounces of silver (https://bit.ly/2Ql7D6r). Who markets sells this amount of value, over and over?
replied 2752d
People who are not interested in making a profit. If you ask yourself "but who isn't interested in making a profit?" then I would point you to the fact that global debt has surpassed
replied 2752d
237 trillion dollars. There is SO much fiat currency around the planet, markets no longer exist. What I mean by that is, markets were a mechanism created to determine price.
replied 2752d
You can no longer determine the actual price of anything."