It doesn't need to produce income, it is a store of value and
always has been throughout history, until the bankers said they
would safeguard it for you and issue an IOU, the it all went pear
shaped.
For as we know they issued more IOU's than there was Bullion,
and eventually even leased out the bullion held in storage.
All a scam - A game of musical chairs, and when the music stops
only the one holding the goods collects the gains, ALL THE OTHERS
WILL REALISE THEY HAVE BEEN HAD!
see far fetched - things like all the gold in the vault has been
sold. or all the gold is really tungsten. Or all the gold is being
sold in the paper market to suppress the price and buy it cheap. Or
JPM are cornering the market (isn't that modern day manipulation?).
Or the whole banking system is about to collapse. Or, whatever..the
list goes on.
Every week there is another gold bug out there with another
fancy conspiracy. They probably stay at home at night looking at
the computer and reading about ufo's etc.
They are an angry bunch/crowd and probably lost a lot of their
wealth during bear markets - or elderly and don't understand the
point of the market is to entertain the population. Take Richard
Russell, perma bear.
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Income...
Silver is a special metal - Aden Sisters...
Posted by saturn6 on 27th of May 2015 at 09:45 am
It doesn't need to produce income, it is a store of value and always has been throughout history, until the bankers said they would safeguard it for you and issue an IOU, the it all went pear shaped.
For as we know they issued more IOU's than there was Bullion, and eventually even leased out the bullion held in storage.
All a scam - A game of musical chairs, and when the music stops only the one holding the goods collects the gains, ALL THE OTHERS WILL REALISE THEY HAVE BEEN HAD!
Gold bugs love conspiracy theories and some stories they tell
Posted by torvix on 28th of May 2015 at 03:27 am
see far fetched - things like all the gold in the vault has been sold. or all the gold is really tungsten. Or all the gold is being sold in the paper market to suppress the price and buy it cheap. Or JPM are cornering the market (isn't that modern day manipulation?). Or the whole banking system is about to collapse. Or, whatever..the list goes on.
Every week there is another gold bug out there with another fancy conspiracy. They probably stay at home at night looking at the computer and reading about ufo's etc.
They are an angry bunch/crowd and probably lost a lot of their wealth during bear markets - or elderly and don't understand the point of the market is to entertain the population. Take Richard Russell, perma bear.