The USA has a socialized, centrally-planned money supply
Just like central planners trying to centrally-control food supplies, or medical services, they must act to control all sources of supply, black markets, and the behavior of individuals.
Gold is just that for the socialist money planners. Its an alternative which must be controlled.
Don’t doubt the FED, and their constituent crony-capitalist banks on Wall Street are heavily involved in manipulating gold.
Are these futures?
It might be better to own gold futures instead of pork bellies. That way if you have to take delivery you find a few bars of gold sitting on your lawn and not a huge mound of pork bellies.
On the other hand pork bellies are the same as bacon, so maybe not...
In a queer display of the dismal science, Janet Yellen has summed the trillions of US Dollars in foreign Central Banks, and she has concluded, quite absurdly, that the value of gold is a myth. We are doomed.
Can someone tell me what the real on-the -ground difference is between paper gold and and going to the bank only to be told that the money you deposited into your account isn’t actually there?
I am not a financial genius, nor do I claim to be, but I cannot understand why a person would entertain the thought of purchasing paper gold. It’s a ridiculous concept to me.
Mrs. AV
This must mean that it is OK to sell shares in non-existent gold mines.
Goldbug ping.