"The Largest Ever Physical Transfer Of Gold" Is silver next? | |
Anonymous Coward User ID: 28658290 United States 05/31/2020 01:10 PM Report Abusive Post Report Copyright Violation | [link to www.zerohedge.com (secure)] Quoting: Don Draper from Nantucket Since late March, no less than 550 tons of gold - worth $30 billion at today’s price and roughly equal to global mine output in the period - have been added to Comex warehouse stockpiles; hundreds of tons of that was imported. On its own that amount of gold would represent the 11th largest sovereign holding, larger than the ECB's official 504.8 tons of gold. part of the gold backing the globec |
Anonymous Coward User ID: 78559201 Norway 05/31/2020 01:27 PM Report Abusive Post Report Copyright Violation | |
quick
User ID: 78157838 United States 05/31/2020 01:50 PM Report Abusive Post Report Copyright Violation | [link to www.zerohedge.com (secure)] Quoting: Don Draper from Nantucket Since late March, no less than 550 tons of gold - worth $30 billion at today’s price and roughly equal to global mine output in the period - have been added to Comex warehouse stockpiles; hundreds of tons of that was imported. On its own that amount of gold would represent the 11th largest sovereign holding, larger than the ECB's official 504.8 tons of gold. Probably so they can short the crap out of it, bring the price way down and then buy those contracts back at a much lower price.. All the while they hold the physical metal so they never lose. I think Warren Buffet did this with Silver a couple of decades ago. Always diversify your portfolios.. Gold should win in the very, very end, but until then, they can manipulate its price thru the futures (paper contract market) Sometimes things aren't as they appear. . Quick |