I've noticed that is seems like all the gold companies have suddenly quit advertising (it was non-stop this past year!). My theory is that all the "big guys" who bought massive amounts of gold the past few years are ready to unload it at a tremendous profit, before the general collapse of the price hits all the "little guys" who bought during the rise. What say you frogs?
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Nah .... The general shift is up in terms of devaluation of the fiat currency. What you are seeing day to day is indeed the little games the paper market is playing. After all, in order not to implode, there needs to be a roll over on both sides of the paper deal.
Containment is the game. And the FED is deep into it, as the last boyscout.
The demand for gold is growing. The biggest demand at present are Central Banks. However, because of delivery constraints, there are other ways of diversifying risk, additional to gold and silver.
This is evidenced by the slow but growing interest in holding a strategic amount of BTC for instance. Poland announced it. Germany is interested, The discussion is ongoing in The Netherlands.
When it comes to these kind of issues, it is important to zoom out and see the bigger picture.
2023 January first. That is the date that Gold had to be NFSR compliant, and allowed physical delivery through the Paper-Casino backdoor within 1 day. BIS had no more uncovered shorts.
2024: Russia announced it would add tonnes of Silver to it' s inventory. China is buying like crazy. India is buying like crazy.
These are the moves that are worthy of contemplation as to its meaning an impact.
Then there is this tantalizing remark Q made: Gold shall destroy the Fed.
One thing is for sure: The bank are insolvent. All politicians do is trying to extend their life-support.
So, do not get caught up. Stay free.