The Federal Reserve is Selling Paper Gold and Buying Physical Gold

ttown

The Federal Reserve is Selling Paper Gold and Buying Physical Gold

57loaded

ttown you alwys find the articles (which the economy appears to be on it's way)

pmcollectour

We are on the cusp of a parabolic move in the price of gold underwritten by physical shortages. Central banks can no longer supply the amount needed to balance supply and demand while mine production continues to stagnate at best.
It is imperative that investors ignore the volatility created by the anti-gold cartel and use every opportunity that is created by them to purchase more physical gold.

roadrunner

An interesting Rob Kirby article. Nice find ttown.

The goal in this game has always been to sell worthless paper and accumulate appreciating/underpriced tangible assets. There is no conceivable way to do that without having control of interest rates and money. The only way that could have been done was through the $213 TRILL in interest rate swaps owned by our major banks. Positions of that size make no sense in any other context thought I'm sure the skeptics would believe those are merely "normal" trading/arbitrage positions. IR and fiat controls are also why it's critical for 2-3 banks to be the unlimited uber shorts on the Comex as well as carrying hundreds of $BILLIONS in otc gold/silver derivatives. In the end the banks want to own the real gold (physical + shares in producing miners) and somehow leave J6P with all the unbacked "paper" gold.

roadrunner

pf70collector

After ten years of being one of the sheepie, I switched my Fidelity Magellan Fund in Jan of this year- which made absolutely 0 in 10 years to Fidelity's Select Gold Fund which is up 25%. This is the only paper gold I own and its only about $2500.