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.... i understand this... but can the public win in this case? i mean d banks print unlimited amt of money, short sell gold future, push gld price down, buy physical gold. Sell gold into the market to control price. and buy gld back again.. it go round-n-round... can we break this? who has more paper dollar then gov?
It's been doing better than anything, so you should be thankful. $10 an ounce at the bottom in November, $13 an ounce now. 23% in 3 months, in this economy is outstanding.
you'll do better in the long run with no risk too. Gold confiscation laws are still on the books but even if they weren't, silver is going to outperform gold. Maxed out its believed that gold will triple from its recent high of 1K an ozt. but silver is expected to QUINTUPLE...so every dollar in silver will be multiplied 5 times while gold only 3. Silver will bring higher profits than the same dollar amount invested in gold.Good luck everybody and don't forget land...another excellent option.
People keep accepting USD$, is because it's convenient, but when people realize that the central banks and IMF, not only IMF but also private banks who like to control the currency markets simply by dis hoarding gold. Have you noticed that when the IMF and not only that, recently hedge funds dis hoarding their gold, this then increases the forex price of the dollar, this is insider trading, if you release gold, then hold dollars on leverage, then you can make a profit. Who does this? The banks.
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But it seems like were on the right path.
Good luck!
keep buying!
I am!