« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Bankers Forced Out of Metals? 

By: Decomposed in POPE IV | Recommend this post (1)
Wed, 15 Jun 16 6:24 AM | 64 view(s)
Boardmark this board | POPES NEW and Improved Real Board
Msg. 07639 of 47202
(This msg. is a reply to 07629 by faul)

Jump:
Jump to board:
Jump to msg. #

faul: 

re: "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??"

Hm. You make some good points. Maybe it's time for me to buy some gold.... I'll have to think about that. It seems kind of impractical. I mean, what can you actually DO with it???
 
Rolling Eyes




Avatar

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


- - - - -
View Replies (3) »



» You can also:
- - - - -
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??



« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next