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Wont happen since they are working directly with the Feds, and some of the Feds are on the take this time.Originally Posted by Ares
Wont happen since they are working directly with the Feds, and some of the Feds are on the take this time.
Which is exactly why you can't trust what they say regarding the amount of Gold they have.
Crypto and Precious Metals are EXACT OPPOSITES of each other.
One is trustless (Crypto) The other requires a shit load of trust, either for storage or that you are actually receiving the full nominal value of said metal. You can't have a "decentralized" crypto relying on a Centralized controlled asset. It just doesn't work.
You'll end up in the same situation we are now. Loss of faith and trust in the central authority who has been delegated to collateralize, store and safeguard said metal for backing of the crypto.
It's a novel idea, but step back and look at it and its the same stupid thing that's been done since people decided to use a medium of exchange instead of barter. Trusting someone not to fuck you over with your own money.
"Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
"The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
"Some Libertarians are born, the government makes the rest."
"Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."
Pretty obvious the gold cartel and Wall Street whacked gold just on Putin saying he has a vaccine. This vaccine means nothing and no one is going to take it.
This is an orchestrated take down to protect their massively devalued currency and support stocks, which is where they really want your money.
I'm not buying their bullshit. If they are able to take gold low enough, it will be time to buy.
DON'T TAKE THE VACCINE!
THE SHIT HAS HIT THE FAN!
Ares (11th August 2020)
Looking @ apmex 1/4 GAE https://www.apmex.com/product/196124...rican-eagle-bu
Their volume pricing is reversed. It's cheaper to order a smaller quantity. Problem getting large quantity to sell?
If my calcs are correct, currently a 22% markup over spot.
“Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
H.L. Mencken
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
H. L. Mencken
Nah, profit taking, Robinhood raping/pillaging, need to liquidate to cover another position. Too long of a sharp rise. We have previously seen this play out many times and at many price points .
“Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
H.L. Mencken
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
H. L. Mencken
Agreed. This is a healthy correction. Recent spike was all FOMO and dumb shot Robin Hood wannabe traders chasing price. Fundamentals for PM have never been better. USA is utterly bankrupt and printing with total abandon. Credit markets are broken and ready to implode. FED will print and print and bail out all until dollar collapses - might take years. PM will climb as dollar devalues.
Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon
I have never seen apmex do that before, very strange. Could be a mistake, however it's still like that when I just checked. It actually makes no sense at all. Why would they discourage large orders?
life is good.
Agreed, a healthy correction and also to shake out weak hands. The trend for gold is up due to the massive amount of money printing. We just haven't seen the real effects yet. When we do, gold will surge up hard.
life is good.
Long lines for Gold in Thailand.
mamboni (11th August 2020)
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