Are you a tout for a gold broker, or is the price of gold your sole interest?
(check out the posting history, folks)
That's a fair question Mr Balrog, a fair question indeed.
I've been hearing and thinking about gold my entire life. I used to talk about it down at the coffee shop with my friends but most of them have died now. Then I got this computer and learned about the Internet and now I think I'll talk about it here.
It was the Great Depression that showed me how important it is to have some gold. If Father hadn't had his gold from France I think we would have starved. I've probably carried on enough about how Roosevelt stole our gold but once you've seen it you realize government will break all the rules when they get in a jam.
I don't know if I believe all these stories about the manipulation of the gold price or not. I mean, how can anybody sell paper gold? You know that old saying, "He who sells what isn't his'n, buys it back or goes to prison."
What are all these short sellers going to do when delivery must be made? Sure, the price is down because margin requirements have been increased (like they did to the Hunt brothers in 1980 with silver) but that's manipulating the price down.
Oh, that's what they mean.
People selling gold they don't own. Now that's a laugh -- and I thought I had seen everything. Question is -- who are the fools -- those a-buyin' or those a-sellin'?
We will know soon enough.
HG