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Re: Bankers Forced Out of Metals? 

By: Zimbler0 in POPE IV | Recommend this post (1)
Wed, 15 Jun 16 5:52 AM | 46 view(s)
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Msg. 07638 of 47202
(This msg. is a reply to 07629 by faul)

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Apr. 9, 2015,

http://www.mining.com/annual-gold-trade-reaches-22-trillion/

A new report by Thomson Reuters GFMS shows that it is one of the most leveraged financial markets with trading volumes many multiples of annual mine output.

Global trading volumes in 2014 was three times more than the 183,600 tonnes of the precious metal that have been produced in human history.

At an estimated $22 trillion trading value per year, the gold market dwarves turnover on the Dow Jones Industrial Index and that of the S&P 500 combined, German and UK government bonds and even some of the top currency pairs.

The volumes of gold transferred in 2014 as reported by London Bullion Market Association clearing members, totalled approximately 157,000 tonnes, with a value of $5.9 trillion.

>>>

(Entire article is at the link.)
(Are these people insane? Zim.)




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Re: Bankers Forced Out of Metals?
By: faul
in POPE IV
Tue, 14 Jun 16 11:26 PM
Msg. 07629 of 47202

Martin Armstrong's manipulation............

"The total gold bullion trade has averaged 4,000 tons annually"

Official figures say that 160,000 tons of Gold have been
mined since the dawn of time & exist above ground today....

Yet 1.3 MILLION tons of Gold are traded in London every
year,5000 tons traded every day...There are only about
5-10 tons of Physical Gold traded every day at the LMBA,the
rest is Paper Gold created to infinity at the whim of the bullion banks.....

"So without promoting gold for investment, its price would fall sharply since there is far more gold than there is demand"

There is far more demand than there is Gold,why else do
you think they created infinite paper Gold in the first place.

5 billion oz's mined since the dawn of time & 7 billion
people on this planet.....what would happen when everyone
demands physical instead of buying the bankers paper??



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