Gold has dropped substantially over the last couple of months. Today, Gold is down to US$1221. More downside to come?
Gold has dropped substantially over the last couple of months. Today, Gold is down to US$1221. More downside to come?
Gold need to be kept down to maintain the illusion of USD strength. If this illusion is exposed and gold price shoot up, the game is over for US economy. At all cost they need to suppress the price of gold.
The problem is they over do the "trick" (suppressing the price of gold) that the gold is selling below the production cost. But their pocket against mine, I can't go bet against them in gold. They just have too much firepower.
USD used to be backed by gold till 1971 when Nixon demolished it.
Since then we are in Fiat Money world ... everything is based on confidence level.
I agreed with Indomie post that Central Banks have been selling (dumping) gold at low prices ...
Assuming we lost confidence in this fiat money and start buying gold ... but what is backing the gold? we cant eat nor sleep ...
Buy properties?
Means USD will go up
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
omg that means mustafa crowded again all the ahneh rushing to buy gold
In the final analysis.....its NOT whether you have a diploma,degree,masters OR PHD....its whether you have a HDB/PC/EC or LANDED...