Quote:
Originally Posted by tabs
U have to ask. CHASE just got tagged for a 920m fine for metals manipulation.
The sentiment among the metal guyz is that the Gold futures have nothing in the vault to back them up if you want to take possession.
Nobody wants to see Gold or Silver start to run hot as that would wake the sheep up. So the market is kept in check by manipulation. There are times though when things get out of control and the market can not be contained.
BA says 3k Gold Kitco..5k Gold. Silver will go back to $50 high and then explode according to the metal guyz. The perfect storm is coming.
The reason it has not gone Bazooka is that the FED is not pumpin in the juice at the moment. The election if a fiasco might set off a run on the metals.
We is tottering on the edge of the abyss..everything you hear from the msm etc about the economy is spin spin spin till you are so dizzy that you cant even realuze when you are being lied to.
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Yes, I read about the Chase fine.
Everything you posted in this post is the exact reason I purchased Gold and Silver. I started to type invested and changed that. I am not invested in them, I personally do not want to them to explode in value, if they do, that means bad things are happening in the financial world.
I look at the purchase as more of an insurance policy than an investment. I purchased slowly over 2 years pumping all I could afford into Gold and Silver. I have not made a Gold or Silver Purchase since late 2016. I wish I had purchased more gold, and hesitate to purchase any more now. Trying to come to grips with the prices right now and where it is heading. I am by far, no expert on the subject.
the reason I purchased is due to what I saw from 2008 to 2010 when gold went from 600 to 1900 in a short period then settled back down in the 1100 range.
I purchased in the 1100-1200 an ounce range. I hope I never have to cash it in. I think we both know that is a empty hope. Its not if, more of when.