muses of the moment

March 29, 2010

The Gold Ponzi Scheme

Filed under: Gold and Silver Investing, Precious metals — Tags: , — totallygroovygirlfriday @ 1:25 am

Yes ladies and gentlemen, it is confirmed. The gold market is a scam.

Click here.

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.

1 Comment »

  1. […] to light…..manipulation of the gold and silver markets by JP Morgan and Goldman Sachs. Click here and here for the past posts and links to further testimonies. We all knew about it, but now there […]

    Pingback by Gold and Silver Market Manilupation, in other words: FRAUD « muses of the moment — April 2, 2010 @ 1:18 am

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