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Gold price suppression? proof for the non-believers

derrybderryb Posts: 38,552 ✭✭✭✭✭
in Precious Metals
From GATA via Zero Hedge

"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."

Comments

  • CaptHenwayCaptHenway Posts: 33,816 ✭✭✭✭✭
    Excellent article!
    TD
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • derrybderryb Posts: 38,552 ✭✭✭✭✭
    Long winded yet no wasted words.

    "A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."

  • MeltdownMeltdown Posts: 9,246 ✭✭✭✭✭
    So. What would that mean for world currency if the central bank swap schemes were exposed as fact?
    Would there be a worldwide monetary devalue (most likely) or possibly complete collapse?
    Any speculation on the "true" value of gold?
    How bad would things get? Instantly worthless currency? Riots & looting perhaps?
  • roadrunnerroadrunner Posts: 28,371 ✭✭✭✭✭
    Since a central bank can leverage up control of the smaller gold market to influence the currency markets, why wouldn't they do it? Means, motive and opportunity. I'd be astounded if they weren't doing it....and very disappointed as I figure they are pretty smart fellows.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 38,552 ✭✭✭✭✭


    << <i>Any speculation on the "true" value of gold? >>


    True value of gold is it's industrial and fabrication value which is much less than its current spot price. It's value as an international medium of exchange is limited only to what a buyer is willing to pay for it and how much they value the currency they are using to pay for it.

    "A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."

  • MeltdownMeltdown Posts: 9,246 ✭✭✭✭✭


    << <i>

    << <i>Any speculation on the "true" value of gold? >>


    True value of gold is it's industrial and fabrication value which is much less than its current spot price. It's value as an international medium of exchange is limited only to what a buyer is willing to pay for it and how much they value the currency they are using to pay for it. >>



    Well, I knew that much... hence the word "speculation". image
  • derrybderryb Posts: 38,552 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Any speculation on the "true" value of gold? >>


    True value of gold is it's industrial and fabrication value which is much less than its current spot price. It's value as an international medium of exchange is limited only to what a buyer is willing to pay for it and how much they value the currency they are using to pay for it. >>



    Well, I knew that much... hence the word "speculation". image >>


    OK, I speculate that gold is worth 6500 an oz.

    "A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."

  • 57loaded57loaded Posts: 4,967 ✭✭✭
    well it's been said that the "true" value should be ~ $2300 an ounce, if you extrapolate the "true" devaluation of the dollar

    i don't think we will EVER see thie "true" value. in some ways i hope we do not...it could be a global financial collapse.
  • RedneckHBRedneckHB Posts: 20,155 ✭✭✭✭✭
    Most Americans will believe almost anything



    ?---If there were no gold, would there still be civilization? Maybe humans would find some other warm colored, shiny metal to adore?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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