Gold was "pushed" down to $870 the other day by TPTB (the powers to be); and promptly reversed and went through $900 like a hot night thru butter. For more on the precious metal conspiracy click here.
http://aaronandmoses.blogspot.com/2009/01/gold-and-silver-conspiracy.html
http://aaronandmoses.blogspot.com/2009/01/gold-and-silver-conspiracy.html
Vocal shortseller of Lehman Brothers, David Einhorn of Greenlight Capital, bought gold for the first time in his life. From his latest shareholder letter:
The Fed is making loans collaterized by toxic waste and has now begun a policy called "quantitative easing"-a fancy term for "printing money." The size of the Fed's balance sheet is exploding and the currency is being debased...Our guesss is that if the chairman of the Fed is determined to debase the currency, he will succeed.
The gold vaults banks in Switzerland are already full, because people don't trust paper assets and they want to have gold in their possession.
Those that don't mind a proxy for gold are flocking to the ETF's, and now the gold alone in the gold SPDR's are geeater than the central bank gold reserves of all but five countries and the IMF.
http://www.bloomberg.com/apps/news?pid=20601170&refer=special_report&sid=a0pWErBctHdM
Those that don't mind a proxy for gold are flocking to the ETF's, and now the gold alone in the gold SPDR's are geeater than the central bank gold reserves of all but five countries and the IMF.
http://www.bloomberg.com/apps/news?pid=20601170&refer=special_report&sid=a0pWErBctHdM
Why gold?
It's simple really.
People want to own, what Government's can't print
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