View Poll Results: Does this sound true and illegal?

Voters
5. You may not vote on this poll
  • YES! SOP for FED manipulation

    3 60.00%
  • NO! Complete nonsense

    0 0%
  • 400 tons of Gold is a big crook or gov't

    1 20.00%
  • Banking per usual, inside players profit handsomely

    3 60.00%
  • Phantom gold movements to strengthen currnencies

    2 40.00%
  • Collusion to promote Confidence in fiat "Con Game"

    2 40.00%
Multiple Choice Poll.
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Thread: Should this be illegal?

  1. #31
    Sage
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    Re: Should this be illegal?

    Quote Originally Posted by specklebang View Post
    Why is this a problem? Maybe shorting gold brought the price down and there is a perception that gold is measured in dollars. So this made the dollar stronger which means we can buy more crap from other countries (as well as cool stuff).

    Free markets is an oxymoron.
    Naked short selling is the problem

    Can you sell a house you don't own (or have the rights to sell)

    Can a person sell a company's shares they do not own?

    Of course not

    Naked short selling means that people are selling something they do not have the right to sell. They did not borrow and do not own the gold that they are short selling. The people who purchase the gold represented by the naked short sell, are in fact purchasing nothing of value, it never existed. The effect of this is to push down the price of gold, negatively effecting legit investors
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  2. #32
    Discount Philosopher
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    Re: Should this be illegal?

    Good point. Maybe the dollar being stronger is a political ploy rather than an export ploy. The Japanese are doing the opposite and maybe the mythological PPT has a deeper purpose.

    It mat also be a strategy for personal gain. There seems to be a closed network of bankers and central bankers. A lot of money moves back and forth (unnecessarily IMHO) and little commissions are clipped off the top. Thus, billions can be diverted while trillions are in motion. Of course, that's a "conspiracy theory" but I actually subscribe to that. Dishonesty and blatant greed have become damn near respectable in the last 12 years.

    Also, it was a good bet. Gold appears to be headed south. The panic that drove it up (and I was one of those panicked people to some extent) was based on the cease;less generation of new money and the vision that making money out of thin air would destroy its value. However, so few insiders gobbled up the majority of that money and thus its inflationary impact was muted. Now, we see that we "got away" with manufacturing these trillions so the panic has ended and PMs may settle to the current "perceived value" which is (IMHO ALERT) about $900 for gold and $14 for silver.

    This price drop has effectively "disappeared" junk silver and enlarged the premiums on collectibles. In a few months, we'll be at the end game and I'll see if I'm right or wrong. PMs are 5% of my reserves so I can afford to take the losses on paper since I'm not a seller anyway., This is all legacy stuff to me.



    Quote Originally Posted by DaveFagan View Post
    Shorting gold brought the price of commodities down but sent the dollar up, and that "up" kills exports. All I'm stating is that gov't intervened in a "free" market to influence pricing. That would be the Plunge Protection Team, a part of the US Treasury. If they want to do some good, they should intervene in the OIL markets and drive that price down, but that doesn't profit banks so handsomely.

  3. #33
    Iconoclast
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    Re: Should this be illegal?

    Quote Originally Posted by specklebang View Post
    Good point. Maybe the dollar being stronger is a political ploy rather than an export ploy. The Japanese are doing the opposite and maybe the mythological PPT has a deeper purpose.

    It mat also be a strategy for personal gain. There seems to be a closed network of bankers and central bankers. A lot of money moves back and forth (unnecessarily IMHO) and little commissions are clipped off the top. Thus, billions can be diverted while trillions are in motion. Of course, that's a "conspiracy theory" but I actually subscribe to that. Dishonesty and blatant greed have become damn near respectable in the last 12 years.

    Also, it was a good bet. Gold appears to be headed south. The panic that drove it up (and I was one of those panicked people to some extent) was based on the cease;less generation of new money and the vision that making money out of thin air would destroy its value. However, so few insiders gobbled up the majority of that money and thus its inflationary impact was muted. Now, we see that we "got away" with manufacturing these trillions so the panic has ended and PMs may settle to the current "perceived value" which is (IMHO ALERT) about $900 for gold and $14 for silver.

    This price drop has effectively "disappeared" junk silver and enlarged the premiums on collectibles. In a few months, we'll be at the end game and I'll see if I'm right or wrong. PMs are 5% of my reserves so I can afford to take the losses on paper since I'm not a seller anyway., This is all legacy stuff to me.
    On this forum, if you badmouth the Federal Reserve, they shout conspiracy theory. Just a worn out Republican mantra and they do it out of habit or ignorance, hard to tell the difference.

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