Gold’s $60+ Price Drop
On 10-10-08 gold was off by over $62.00. Why such a large drop?
I believe that all the hedge fund redemptions are behind many commodities being sold out and exacerbated by retail investors panicking with their September statements and margin clerks selling out anything with a pulse.This is why the USD held up but it is it's last hurrah.
Within the next 4 weeks there will be a run out of the USD, the British pound and I am not sure there are enough Yen and Euros buyers to make a case for gold bears. I do believe that this time gold will reach $1,500 dollars as the US system is about to crumble.
I believe that with trillions of dollars of FIAT currency in the game. The money changers will play any game and tell any lie to prop up their system. Figures don't lie, but liars figure. Right now G7 is plotting a world central bank. The Bailout is a tool for the mass reallocation and consoldation of wealth to buy everything up after the fall.
As the printing presses are working overtime cranking out dollars, their value has to drop. Keep in mind that the purchasing value of the dollar has already dropped somewhere around 90% in the last 50 years.
Because of clever manipulations of gold swaps and leases and other paper games and in some cases even outright sales of physical gold by governments that are desperately trying to keep the right to print money, most people are unaware or still not convinced of the value of the precious metals and don’t consider paper to be just that paper… yet.
San Jose defense attorneys
I think the Central Banks have signaled that the suppression of gold prices is no longer their top priority. I don’t expect we’ll see gold sales from them as was done in the past because that would put them in a position of increasing their dollar reserves. I’ve also read recently that they are both not leasing out more gold, and refusing to roll older leases. Much of the supply in recent years has been from those leases and gold sales. Now the supply will be what the miners produce, which is a lot less. That explains the shortage of physical gold.
Acne medicine
Because of clever manipulations of gold swaps and leases and other paper games and in some cases even outright sales of physical gold by governments that are desperately trying to keep the right to print money, most people are unaware or still not convinced of the value of the precious metals and don’t consider paper to be just that paper… yet.
San Francisco defense attorneys
I think the Central Banks have signaled that the suppression of gold prices is no longer their top priority. I don’t expect we’ll see gold sales from them as was done in the past because that would put them in a position of increasing their dollar reserves. I’ve also read recently that they are both not leasing out more gold, and refusing to roll older leases. Much of the supply in recent years has been from those leases and gold sales. Now the supply will be what the miners produce, which is a lot less. That explains the shortage of physical gold.
San Francisco defense attorneys
Some say that the wholesale deleveraging/capital destruction going on now is actually decreasing the money supply, even as nations are flooding the world with new “money.” This might explain some of the unusual things happening with asset/commodity prices.
San Diego plastic surgery