REPORT ABUSIVE REPLY
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Message Subject
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BREAKING and STUNNING: US MINT to RAISE price 1oz SILVER EAGLE to $67/oz in FIVE DAYS: on October 13th!
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Poster Handle
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Anonymous Coward |
Post Content
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Another interesting reality:
If I'm not mistaking, it was only a month or so back that ANOTHER (EITHER THE SECOND OR THIRD NOW) MAJOR INSTITUTION has announced...
THAT THEY ARE GOING TO (RE-ALLOCATE) SOME OF THEIR PENSION ASSETS INTO GOLD AND/OR SILVER: THE POLICE AND FIRE PENSION FUND OF OHIO, as I recall the news.
I believe they said 5% of their assets into Au! Wow. Do you know how much gold (I don't recall if they will do any silver) that is?...5% of about $16 Billion?
It's in the order of $700/800,000,000 (7 or 8 hundred million dollars). That I believe is around 4,000 Au contracts! (That can chew up most of the open Interest on Comex; depending upon the timing). But again...how they do it; how they acquire it...we'll have to see.
But what happens when other players (institutions) get involved?
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