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Re: Central Bank Gold Demand Hits Record High, U.S. Petrodollar on Deathbed? 

By: Zimbler0 in 6TH POPE | Recommend this post (1)
Tue, 29 Aug 23 8:09 PM | 43 view(s)
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Msg. 45379 of 58648
(This msg. is a reply to 45372 by Decomposed)

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Decomposed > it's pretty well documented that the ETFs trade more gold than actually exists.


Kind of reminds me from once upon a time when I was looking at 'naked shorts' . . .
An 'ability' where certain 'traders' can just pretend they 'borrowed' the shares to short them . . .

Who said Gold was NOT fiat?

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Re: Central Bank Gold Demand Hits Record High, U.S. Petrodollar on Deathbed?
By: Decomposed
in 6TH POPE
Tue, 29 Aug 23 3:48 PM
Msg. 45372 of 58648

Beldin:

Re: “I wonder who is holding the reins and if they can continue to hold them firm to keep the price from galloping away?”
I suspect the gold ETFs. They trade paper that is supposed to represent gold, but it's pretty well documented that the ETFs trade more gold than actually exists.





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