Futures Price Of Gold Falls While Supply In Stores Vanishes
Friday, 31. October 2008, 17:30:05
The Resourceful Bear News Service reports that there is something most strange going on: the futures price of gold fell today to $722, while reports abound of simply no gold supply on hand in the coin stores and at jewelers.
Well, the powers that be, may for a while, be able to play trick or treat, in the futures market place, they cannot do so forever.
I believe there is coming a volcanic upward explosion in the price of gold soon; please note this is a complete 180 of the Austrian economists, that is those of the Mises Institute, who hold forth deflationary asset prices.
I recommend that one buy gold and put it far, far away from the current financial system, safe and sound in a guarded vault, like BullionVault and GoldMoney, with an account personally at streetTracks Gold Trust, and in physical possession of gold coins.
Well, the powers that be, may for a while, be able to play trick or treat, in the futures market place, they cannot do so forever.
I believe there is coming a volcanic upward explosion in the price of gold soon; please note this is a complete 180 of the Austrian economists, that is those of the Mises Institute, who hold forth deflationary asset prices.
I recommend that one buy gold and put it far, far away from the current financial system, safe and sound in a guarded vault, like BullionVault and GoldMoney, with an account personally at streetTracks Gold Trust, and in physical possession of gold coins.
WIDGETIZE