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1) @Gold_AntiTrust is frustrated James Grant doesn't know central banks manipulate #gold.
Ea day in London, 220M oz of unbacked gold debt instruments are traded primarily between bullion banks.
Est'd 500M oz open int. claims in spot contracts.
#silver gata.org/node/18244
Ea day in London, 220M oz of unbacked gold debt instruments are traded primarily between bullion banks.
Est'd 500M oz open int. claims in spot contracts.
#silver gata.org/node/18244
2) In 1985, Larry Summers' paper identified neg. correlation w/ real interest rates "dominant feature of gold price fluctuations".
In 1987, Bank of England created the LBMA (90% of global gold trade ea day) trading unbacked paper #gold.
safehaven.com/article/42493/… @Gold_AntiTrust
In 1987, Bank of England created the LBMA (90% of global gold trade ea day) trading unbacked paper #gold.
safehaven.com/article/42493/… @Gold_AntiTrust
3) Suppress #gold and interest rates can be suppressed (shut down gold alarm system). Lower int. rates cause speculation / mkt bubbles.
Bullion banks trading paper gold in London benefit fr. low rates w/ $100s billions profits & asset transfer since 1987. safehaven.com/article/34980/…
Bullion banks trading paper gold in London benefit fr. low rates w/ $100s billions profits & asset transfer since 1987. safehaven.com/article/34980/…
4) #gold and #silver have been put to sleep using paper metal trading since 1987.
Central banks & the financial industry have had low int. rate party while gold was shut down.
End of largest debt bubble in history now. Boom.
#bonds END
Central banks & the financial industry have had low int. rate party while gold was shut down.
End of largest debt bubble in history now. Boom.
#bonds END
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