Of course gold and silver are going to be stagnant, ignoring the Fed's obvious interest in suppressing prices, the market that "determines" prices for gold and silver, COMEX, is built to help suppress price movements. The contract size for both, 100oz for gold, and 5000oz for silver, essentially means "the little guy" has no pull directly on the prices because of the gigantic quantities needed to actually buy in directly. This doesn't mention why COMEX was founded anyways, which was to help discourage gold hoarding by US citizens.
Of course gold and silver are going to be stagnant, ignoring the Fed's obvious interest in suppressing prices, the market that "determines" prices for gold and silver, COMEX, is built to help suppress price movements. The contract size for both, 100oz for gold, and 5000oz for silver, essentially means "the little guy" has no pull directly on the prices because of the gigantic quantities needed to actually buy in directly. This doesn't mention why COMEX was founded anyways, which was to help discourage gold hoarding by US citizens.
Interesting info. Thanks!
I do remember some quote from Queeny awhile back.
Something to the effect that they would "allow the entire world economy to burn down before they let gold realization happen" not exact quote. Close.