Yes ladies and gentlemen, it is confirmed. The gold market is a scam.
Christian confirms that the gold market is basically a ponzi: “in the “physical market” as the market uses that term, there is much more metal than that…there is a hundred times what there is.” And there you have it: as Douglas eloquently summarizes: “the giant Ponzi trading of gold ledger entries can be sustained only if there is never a liquidity crisis in the REAL physical market. If someone asks for gold and there isn’t any the default would trigger the biggest “bank run” and default in history.
Buy physical gold (and silver).
Groovygirl says….at some point, some country is not going to play by the established rules and break this scheme. There is a terrorist war going on, but there is also a financial war going on. And the West will lose.
I highly doubt this will be covered in Big Media in the way it should be. Please pass along if you like.
Side musing: Martin Armstrong’s thoughts on education. Click here.