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

By: Decomposed in 6TH POPE | Recommend this post (1)
Tue, 29 Aug 23 8:54 PM | 29 view(s)
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Msg. 45381 of 58651
(This msg. is a reply to 45379 by Zimbler0)

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Zimbler0:

Re: “Who said Gold was NOT fiat?”
Gold ETFs absolutely are fiat.







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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




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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: Zimbler0
in 6TH POPE
Tue, 29 Aug 23 8:09 PM
Msg. 45379 of 58651

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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